Hallador Energy (NASDAQ:HNRG) Announces Quarterly Earnings Results, Misses Estimates By $0.20 EPS

Key Points

• Hallador Energy reported a quarterly EPS loss of $0.32, missing the analyst consensus estimate of a $0.12 loss by $0.20. Revenue reached $101.51 million, exceeding expectations of $90.33 million.
• Shares rose 7.6% to $15.88 following the results, although the stock remains below its 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus rating with a $26.62 price target.
• Insiders purchased 35,000 shares worth approximately $589,170 over the past 90 days, while institutional investors own 61.38% of the company.

Hallador Energy (NASDAQ:HNRG - Get Free Report) released its quarterly earnings data on Monday. The energy company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.20), Zacks reports. The business had revenue of $101.51 million during the quarter, compared to analysts' expectations of $90.33 million. Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%.

Hallador Energy Trading Up 7.6%

Shares of HNRG stock traded up $1.12 during mid-day trading on Monday, reaching $15.88. The stock had a trading volume of 2,281,846 shares, compared to its average volume of 813,902. Hallador Energy has a 12-month low of $13.65 and a 12-month high of $24.70. The business has a 50-day simple moving average of $16.54 and a 200 day simple moving average of $17.40. The company has a market cap of $748.42 million, a P/E ratio of 29.96 and a beta of 0.26.

Analyst Ratings Changes

A number of research analysts recently commented on HNRG shares. Wall Street Zen raised shares of Hallador Energy from a "strong sell" rating to a "sell" rating in a research report on Sunday, June 28th. Weiss Ratings reissued a "hold (c-)" rating on shares of Hallador Energy in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.62.

Insider Activity

In other news, Director Charles Ray Iv Wesley bought 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the transaction, the director owned 338,469 shares in the company, valued at $5,649,047.61. The trade was a 4.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel Timothy Hudson acquired 5,000 shares of the firm's stock in a transaction dated Thursday, July 9th. The shares were acquired at an average price of $16.58 per share, for a total transaction of $82,900.00. Following the acquisition, the director directly owned 20,000 shares of the company's stock, valued at approximately $331,600. The trade was a 33.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 35,000 shares of company stock worth $589,170 in the last ninety days. Insiders own 17.43% of the company's stock.

Institutional Trading of Hallador Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Hallador Energy in the second quarter worth approximately $27,000. Royal Bank of Canada increased its position in Hallador Energy by 92.5% during the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company's stock worth $27,000 after purchasing an additional 679 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company's stock worth $34,000 after purchasing an additional 2,111 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Hallador Energy during the fourth quarter worth approximately $44,000. Finally, Tower Research Capital LLC TRC raised its stake in Hallador Energy by 294.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company's stock worth $50,000 after purchasing an additional 2,374 shares during the period. Hedge funds and other institutional investors own 61.38% of the company's stock.

Hallador Energy Company Profile

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company's primary business activities center on the production and sale of bituminous thermal coal. Hallador's operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.

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