Invesco Ltd. Purchases 213,421 Shares of Hallador Energy Company $HNRG

Key Points

• Invesco Ltd. significantly increased its stake in Hallador Energy by 356.4%, acquiring an additional 213,421 shares, bringing its total holdings to 273,300 shares valued at approximately $3.36 million.
• Hallador Energy reported an EPS of $0.19, surpassing analysts' expectations of ($0.15), and achieved revenue of $102.89 million for the quarter.
• Recent analyst activity included B. Riley downgrading Hallador Energy from a "buy" to a "neutral" rating, while Northland Capital upgraded it to a "strong-buy" with a target price increase.

Invesco Ltd. increased its holdings in Hallador Energy Company (NASDAQ:HNRG - Free Report) by 356.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 273,300 shares of the energy company's stock after buying an additional 213,421 shares during the quarter. Invesco Ltd. owned about 0.64% of Hallador Energy worth $3,356,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in Hallador Energy by 2.5% in the 1st quarter. Rhumbline Advisers now owns 37,607 shares of the energy company's stock worth $462,000 after buying an additional 935 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in Hallador Energy by 1.3% in the 1st quarter. SummerHaven Investment Management LLC now owns 106,750 shares of the energy company's stock worth $1,311,000 after buying an additional 1,340 shares in the last quarter. Legal & General Group Plc increased its holdings in Hallador Energy by 23.5% in the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock worth $86,000 after buying an additional 1,435 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Hallador Energy by 17.0% in the 4th quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company's stock worth $136,000 after buying an additional 1,729 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in Hallador Energy by 15.4% in the fourth quarter. MetLife Investment Management LLC now owns 14,894 shares of the energy company's stock worth $171,000 after purchasing an additional 1,990 shares during the last quarter. 61.38% of the stock is currently owned by institutional investors.

Hallador Energy Price Performance

HNRG traded down $0.07 on Monday, hitting $16.31. 488,948 shares of the company's stock traded hands, compared to its average volume of 869,805. The company's 50 day simple moving average is $16.52 and its 200-day simple moving average is $14.81. The firm has a market cap of $701.49 million, a price-to-earnings ratio of -3.27 and a beta of 0.46. Hallador Energy Company has a one year low of $5.76 and a one year high of $22.01. The company has a current ratio of 0.67, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.34. The company had revenue of $102.89 million for the quarter, compared to the consensus estimate 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 anticipate that Hallador Energy Company will post -0.31 EPS for the current year.

Insider Transactions at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley bought 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $15.27 per share, with a total value of $305,400.00. Following the purchase, the director owned 234,914 shares of the company's stock, valued at $3,587,136.78. This trade represents a 9.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 23.73% of the company's stock.

Analysts Set New Price Targets

HNRG has been the topic of several research reports. B. Riley cut Hallador Energy from a "buy" rating to a "neutral" rating and raised their target price for the stock from $15.00 to $17.00 in a research report on Tuesday, August 12th. Northland Capmk raised Hallador Energy to a "strong-buy" rating in a research report on Monday, May 19th. Citigroup cut Hallador Energy to a "neutral" rating in a research report on Tuesday, August 12th. Wall Street Zen cut Hallador Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Northland Securities initiated coverage on Hallador Energy in a research report on Monday, May 19th. They issued an "outperform" rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Hallador Energy has a consensus rating of "Moderate Buy" and an average price target of $19.00.

Hallador Energy 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.