David Hardie Sells 73,783 Shares of Hallador Energy (NASDAQ:HNRG) Stock

Key Points

• David Hardie, a director at Hallador Energy, sold 73,783 shares of the company at an average price of $19.65, amounting to a total transaction of approximately $1.45 million, reducing his ownership by 50.94%.
• Hallador Energy's stock saw a 1.9% increase on Wednesday, with shares trading at $19.95, while its market capitalization stands at $858.05 million.
• In a recent earnings report, Hallador Energy exceeded earnings expectations with reported earnings of $0.19 per share, against a consensus estimate of ($0.15), along with revenues of $102.89 million.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) Director David Hardie sold 73,783 shares of the firm's stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $19.65, for a total transaction of $1,449,835.95. Following the completion of the transaction, the director directly owned 71,072 shares in the company, valued at $1,396,564.80. This trade represents a 50.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hallador Energy Trading Up 1.9%

Shares of HNRG stock traded up $0.38 during trading on Wednesday, hitting $19.95. 937,228 shares of the stock traded hands, compared to its average volume of 556,723. The firm has a market capitalization of $858.05 million, a P/E ratio of -4.00 and a beta of 0.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.26. Hallador Energy Company has a 52-week low of $8.13 and a 52-week high of $22.01. The firm's fifty day moving average price is $17.65 and its 200-day moving average price is $16.00.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.34. The company had revenue of $102.89 million for the quarter, compared to analyst estimates of $91.73 million. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. As a group, research analysts forecast that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Hallador Energy

Several large investors have recently modified their holdings of the company. Ameriprise Financial Inc. bought a new position in shares of Hallador Energy during the 2nd quarter worth about $18,735,000. CenterBook Partners LP grew its position in shares of Hallador Energy by 2,371.9% during the 2nd quarter. CenterBook Partners LP now owns 786,671 shares of the energy company's stock worth $12,453,000 after buying an additional 754,846 shares during the period. Millennium Management LLC grew its position in shares of Hallador Energy by 1,233.6% during the 1st quarter. Millennium Management LLC now owns 486,532 shares of the energy company's stock worth $5,975,000 after buying an additional 450,049 shares during the period. Prudential Financial Inc. acquired a new position in Hallador Energy during the second quarter valued at approximately $6,910,000. Finally, Acadian Asset Management LLC grew its holdings in Hallador Energy by 546.8% during the second quarter. Acadian Asset Management LLC now owns 425,584 shares of the energy company's stock valued at $6,735,000 after purchasing an additional 359,789 shares during the period. 61.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on HNRG. B. Riley cut shares of Hallador Energy from a "buy" rating to a "neutral" rating and upped their target price for the company from $15.00 to $17.00 in a report on Tuesday, August 12th. Citigroup cut Hallador Energy to a "neutral" rating in a report on Tuesday, August 12th. Zacks Research raised shares of Hallador Energy to a "strong-buy" rating in a research note on Friday, September 12th. Finally, Wall Street Zen raised shares of Hallador Energy from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $19.00.

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.

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