Hallador Energy (NASDAQ:HNRG) Announces Quarterly Earnings Results, Beats Estimates By $0.34 EPS

Key Points

• Hallador Energy reported an earnings per share (EPS) of $0.19 for the quarter, surpassing expectations by $0.34.
• Despite the positive earnings report, Hallador Energy's stock declined 7.5%, closing at $19.62 on the trading day.
• Equity analysts have mixed ratings for Hallador Energy, with one analyst giving a strong buy rating and others varying between buy and hold ratings.

Hallador Energy (NASDAQ:HNRG - Get Free Report) issued its quarterly earnings results on Monday. The energy company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.34, Zacks reports. Hallador Energy had a negative net margin of 52.50% and a positive return on equity of 0.31%.

Hallador Energy Stock Down 7.5%

Shares of HNRG stock traded down $1.60 on Monday, hitting $19.62. The stock had a trading volume of 1,667,801 shares, compared to its average volume of 708,639. The firm has a market capitalization of $843.27 million, a price-to-earnings ratio of -3.60 and a beta of 0.52. The stock's 50 day moving average is $16.44 and its 200-day moving average is $14.17. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.17 and a current ratio of 0.60. Hallador Energy has a 52-week low of $5.21 and a 52-week high of $21.51.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Northland Securities assumed coverage on shares of Hallador Energy in a research report on Monday, May 19th. They set an "outperform" rating and a $23.00 price target for the company. Wall Street Zen lowered shares of Hallador Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Northland Capmk raised shares of Hallador Energy to a "strong-buy" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Hallador Energy has an average rating of "Buy" and an average target price of $18.33.

Insider Buying and Selling at Hallador Energy

In other news, Director David C. Hardie sold 97,837 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $19.05, for a total value of $1,863,794.85. Following the completion of the transaction, the director directly owned 139,089 shares in the company, valued at approximately $2,649,645.45. This represents a 41.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 23.73% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HNRG. AQR Capital Management LLC boosted its stake in Hallador Energy by 1.9% during the 1st quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company's stock valued at $1,271,000 after acquiring an additional 1,950 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hallador Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company's stock worth $187,000 after purchasing an additional 624 shares during the period. Millennium Management LLC raised its holdings in shares of Hallador Energy by 1,233.6% during the first quarter. Millennium Management LLC now owns 486,532 shares of the energy company's stock worth $5,975,000 after purchasing an additional 450,049 shares during the period. Empowered Funds LLC raised its holdings in shares of Hallador Energy by 5.5% during the first quarter. Empowered Funds LLC now owns 246,106 shares of the energy company's stock worth $3,022,000 after purchasing an additional 12,921 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Hallador Energy during the first quarter worth $807,000. 61.38% of the stock is currently owned by institutional investors.

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.

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