Hallador Energy (NASDAQ:HNRG) Sets New 1-Year High – Here’s What Happened

Hallador Energy (NASDAQ:HNRG) reached a new 52-week high on Monday . The stock traded as high as $13.88 and last traded at $13.37, with a volume of 43948 shares. The stock had previously closed at $13.34.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HNRG shares. B. Riley increased their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th.

Hallador Energy Stock Down 3.8 %

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 company’s fifty day moving average price is $10.23 and its two-hundred day moving average price is $8.23.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.14. The firm had revenue of $105.04 million for the quarter, compared to analyst estimates of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same period in the prior year, the firm posted $0.47 EPS. As a group, equities research analysts predict that Hallador Energy will post -0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director David C. Hardie sold 44,699 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $12.88, for a total transaction of $575,723.12. Following the transaction, the director now directly owns 2,130,423 shares of the company’s stock, valued at approximately $27,439,848.24. This represents a 2.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Ray Iv Wesley acquired 25,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $5.97 per share, with a total value of $149,250.00. Following the acquisition, the director now owns 184,302 shares of the company’s stock, valued at approximately $1,100,282.94. This represents a 15.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 83,196 shares of company stock valued at $1,079,078. 32.30% of the stock is currently owned by company insiders.

Institutional Trading of Hallador Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Empyrean Capital Partners LP acquired a new stake in shares of Hallador Energy in the 2nd quarter worth about $3,885,000. Taconic Capital Advisors LP purchased a new stake in shares of Hallador Energy in the third quarter valued at about $4,147,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Hallador Energy by 3,171.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock worth $2,923,000 after buying an additional 364,750 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Hallador Energy during the second quarter worth $2,197,000. Finally, Stifel Financial Corp boosted its holdings in shares of Hallador Energy by 959.7% in the 3rd 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. Institutional investors own 61.38% of the company’s stock.

About Hallador Energy

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.