Hallador Energy Sees Unusually High Options Volume (NASDAQ:HNRG)

Hallador Energy (NASDAQ:HNRG) was the target of unusually large options trading on Monday. Stock investors purchased 3,454 call options on the company. This represents an increase of 132% compared to the typical daily volume of 1,490 call options.

Hallador Energy Stock Performance

Shares of Hallador Energy stock opened at $11.95 on Wednesday. The stock has a market cap of $509.27 million, a PE ratio of -21.73 and a beta of 0.55. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $14.00. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $10.98 and a 200-day simple moving average of $10.51.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Monday, March 17th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $94.80 million during the quarter, compared to analysts’ expectations of $102.46 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. On average, sell-side analysts anticipate that Hallador Energy will post -0.31 EPS for the current fiscal year.

Institutional Trading of Hallador Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp lifted its position in shares of Hallador Energy by 959.7% in the third quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock worth $2,499,000 after buying an additional 239,972 shares during the last quarter. Barclays PLC increased its stake in shares of Hallador Energy by 272.9% in the third quarter. Barclays PLC now owns 33,131 shares of the energy company’s stock worth $312,000 after purchasing an additional 24,247 shares during the period. Pekin Hardy Strauss Inc. increased its stake in shares of Hallador Energy by 87.7% in the third quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company’s stock worth $1,329,000 after purchasing an additional 65,850 shares during the period. Highland Peak Capital LLC bought a new position in shares of Hallador Energy in the fourth quarter worth about $5,895,000. Finally, Geode Capital Management LLC increased its stake in shares of Hallador Energy by 4.2% in the third quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company’s stock worth $6,346,000 after purchasing an additional 27,093 shares during the period. Institutional investors and hedge funds own 61.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners started coverage on Hallador Energy in a report on Monday, December 9th. They issued a “buy” rating and a $17.00 target price on the stock.

Hallador Energy Company Profile

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.