105,410 Shares of Hallador Energy Company $HNRG Bought by SummerHaven Investment Management LLC

Key Points

• SummerHaven Investment Management acquired 105,410 Hallador Energy shares valued at approximately $1.46 million, representing about 0.22% of the company. Institutional investors collectively own 61.38% of HNRG.
• Hallador Energy shares opened at $11.71, down 7.9%, near their 52-week low of $11.46. The company reported an adjusted quarterly loss of $0.32 per share, missing estimates, despite revenue exceeding expectations.
• Analyst sentiment is mixed, with ratings ranging from Strong Buy to Strong Sell; nevertheless, the consensus rating is Moderate Buy with an average price target of $24.88.

SummerHaven Investment Management LLC acquired a new position in Hallador Energy Company (NASDAQ:HNRG - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 105,410 shares of the energy company's stock, valued at approximately $1,462,000. Hallador Energy makes up about 1.0% of SummerHaven Investment Management LLC's investment portfolio, making the stock its 24th largest holding. SummerHaven Investment Management LLC owned about 0.22% of Hallador Energy as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HNRG. BlackRock Inc. bought a new position in shares of Hallador Energy during the 2nd quarter worth approximately $49,594,000. Dimensional Fund Advisors LP grew its holdings in shares of Hallador Energy by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company's stock valued at $16,658,000 after acquiring an additional 109,781 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Hallador Energy in the second quarter valued at approximately $13,534,000. Empyrean Capital Partners LP bought a new position in shares of Hallador Energy in the first quarter valued at approximately $8,140,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Hallador Energy in the second quarter valued at approximately $7,037,000. 61.38% of the stock is owned by institutional investors.

Hallador Energy Stock Down 7.9%

HNRG opened at $11.71 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. The stock has a market cap of $552.01 million, a price-to-earnings ratio of 585.50 and a beta of 0.45. Hallador Energy Company has a twelve month low of $11.46 and a twelve month high of $24.70. The company's 50-day moving average price is $15.12 and its two-hundred day moving average price is $16.20.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.20). Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. The company had revenue of $101.51 million for the quarter, compared to the consensus estimate of $90.33 million. As a group, equities analysts expect that Hallador Energy Company will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HNRG shares. Alliance Global Partners upgraded Hallador Energy to a "strong-buy" rating in a report on Friday, August 14th. Weiss Ratings cut Hallador Energy from a "hold (c-)" rating to a "sell (d-)" rating in a research report on Tuesday, August 18th. Northland Securities set a $27.00 price objective on Hallador Energy in a research note on Tuesday, October 6th. Zacks Research downgraded Hallador Energy from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen lowered Hallador Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $24.88.

Hallador Energy Profile

Hallador Energy, Inc is an energy company focused primarily on the production and marketing of thermal coal. Through its subsidiary Sunrise Coal, the company operates mining properties in the Illinois Basin, with activities concentrated in southwestern Indiana. Its coal is sold mainly to electric utilities and other industrial customers for use in power generation.

Hallador's operations include the Oaktown and Carlisle mining complexes in Indiana, which produce coal for domestic energy markets.

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