Hallador Energy Company $HNRG Stock Acquired by CenterBook Partners LP

Key Points

• CenterBook Partners increased its Hallador Energy stake by 81.7% in the third quarter, adding 278,322 shares to reach 618,944 shares, or about 1.31% of the company. Institutional investors and hedge funds collectively owned 61.38% of HNRG.
• Analyst views were mixed: MarketBeat reported a consensus rating of “Moderate Buy” and an average price target of $24.88, alongside both strong-buy and sell ratings.
• Hallador reported quarterly EPS of -$0.32, missing analysts’ -$0.12 estimate, despite revenue of $101.51 million exceeding expectations. The stock traded at $10.10 in Friday mid-day trading, up 7.9%.

CenterBook Partners LP raised its position in shares of Hallador Energy Company (NASDAQ:HNRG - Free Report) by 81.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 618,944 shares of the energy company's stock after purchasing an additional 278,322 shares during the period. CenterBook Partners LP owned approximately 1.31% of Hallador Energy worth $8,585,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

Hallador Energy Trading Up 7.9%

NASDAQ:HNRG traded up $0.74 during mid-day trading on Friday, hitting $10.10. 1,105,163 shares of the company's stock were exchanged, compared to its average volume of 1,123,599. The company has a 50 day simple moving average of $13.61 and a 200-day simple moving average of $16.33. The company has a current ratio of 0.72, a quick ratio of 0.24 and a debt-to-equity ratio of 0.21. Hallador Energy Company has a fifty-two week low of $8.85 and a fifty-two week high of $24.70. The firm has a market capitalization of $476.11 million, a P/E ratio of 505.00 and a beta of 0.47.

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

Hallador Energy Profile

Hallador Energy Company NASDAQ: HNRG is an energy company focused primarily on the production and sale of thermal coal. Through its subsidiaries, the company operates coal mining assets in the Illinois Basin, supplying coal to electric power generators and other utility customers.

Hallador's principal operations have included Sunrise Coal, which manages underground and surface mining activities in Indiana. The company's coal products are used mainly for electricity generation, with sales serving utility markets in the Midwestern United States.

In addition to coal mining, Hallador has expanded into power generation through its ownership of the Merom Generating Station in Indiana.

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