Hallador Energy (NASDAQ:HNRG) Sees Large Volume Increase – Should You Buy?

Shares of Hallador Energy (NASDAQ:HNRG) saw unusually-high trading volume on Tuesday . Approximately 137,858 shares were traded during trading, a decline of 47% from the previous session’s volume of 259,912 shares.The stock last traded at $12.35 and had previously closed at $11.45.

Analysts Set New Price Targets

Several brokerages have weighed in on HNRG. B. Riley lifted their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Alliance Global Partners began coverage on Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 price target on the stock.

Hallador Energy Price Performance

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 stock has a market capitalization of $516.94 million, a price-to-earnings ratio of -22.05 and a beta of 0.71. The business’s 50 day simple moving average is $11.77 and its 200-day simple moving average is $9.20.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.14. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The business had revenue of $105.04 million for the quarter, compared to analyst estimates of $117.10 million. During the same quarter last year, the business posted $0.47 EPS. On average, research analysts forecast that Hallador Energy will post -0.31 earnings per share for the current year.

Insider Transactions at Hallador Energy

In related news, Director David C. Hardie sold 18,775 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $13.02, for a total value of $244,450.50. Following the completion of the transaction, the director now owns 2,022,713 shares of the company’s stock, valued at $26,335,723.26. This represents a 0.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 104,524 shares of company stock valued at $1,356,743. Corporate insiders own 32.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HNRG. Barclays PLC increased its holdings in Hallador Energy by 272.9% in the 3rd quarter. Barclays PLC now owns 33,131 shares of the energy company’s stock worth $312,000 after purchasing an additional 24,247 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hallador Energy by 4.2% during 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 last quarter. Y Intercept Hong Kong Ltd bought a new position in Hallador Energy in the 3rd quarter valued at approximately $251,000. Wolverine Trading LLC raised its holdings in Hallador Energy by 689.9% in the 3rd quarter. Wolverine Trading LLC now owns 35,823 shares of the energy company’s stock valued at $347,000 after buying an additional 31,288 shares during the last quarter. Finally, State Street Corp boosted its position in Hallador Energy by 1.5% during the 3rd quarter. State Street Corp now owns 525,123 shares of the energy company’s stock worth $4,952,000 after buying an additional 7,764 shares during the period. 61.38% of the stock is currently owned by institutional investors and hedge funds.

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.