Hallador Energy (NASDAQ:HNRG) Reaches New 1-Year High - Should You Buy?

Key Points

• Hallador Energy shares hit a new 52-week high at $19.88, indicating a positive trading sentiment with a trading volume of 588,210 shares.
• Analysts have mixed ratings on Hallador Energy, with Northland Capital marking it as a "strong-buy" and setting a target price of $23.00, while Wall Street Zen downgraded it to a "hold."
• The company reported quarterly earnings of $0.23 per share, surpassing expectations significantly, with a revenue of $117.79 million against a consensus estimate of $98.70 million.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $19.88 and last traded at $19.81, with a volume of 588210 shares trading hands. The stock had previously closed at $18.70.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HNRG. Northland Securities began coverage on Hallador Energy in a research note on Monday, May 19th. They issued an "outperform" rating and a $23.00 price objective on the stock. Northland Capmk raised Hallador Energy to a "strong-buy" rating in a research note on Monday, May 19th. Finally, Wall Street Zen downgraded Hallador Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $18.33.

Hallador Energy Trading Up 6.3%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.17 and a current ratio of 0.60. The business has a 50 day moving average of $16.44 and a two-hundred day moving average of $14.17. The firm has a market capitalization of $912.04 million, a price-to-earnings ratio of -3.89 and a beta of 0.52.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The energy company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.39. The firm had revenue of $117.79 million during the quarter, compared to analyst estimates of $98.70 million. Hallador Energy had a positive return on equity of 0.31% and a negative net margin of 52.50%. Equities analysts predict that Hallador Energy Company will post -0.31 EPS for the current year.

Insider Buying and Selling

In other news, Director David C. Hardie sold 97,837 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was 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 of the company's stock, valued at $2,649,645.45. This represents a 41.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 23.73% of the company's stock.

Hedge Funds Weigh In On Hallador Energy

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 valued at $187,000 after buying an additional 624 shares during the period. Nebula Research & Development LLC raised its holdings in shares of Hallador Energy by 3.0% in the 4th quarter. Nebula Research & Development LLC now owns 31,176 shares of the energy company's stock valued at $357,000 after acquiring an additional 906 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Hallador Energy by 2.5% during the 1st quarter. Rhumbline Advisers now owns 37,607 shares of the energy company's stock valued at $462,000 after acquiring an additional 935 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Hallador Energy by 1.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 107,766 shares of the energy company's stock valued at $1,706,000 after acquiring an additional 1,016 shares during the last quarter. Finally, Pinnacle Holdings LLC boosted its position in shares of Hallador Energy by 33.0% during the 1st quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company's stock valued at $68,000 after acquiring an additional 1,373 shares during the last quarter. 61.38% of the stock is currently owned by hedge funds and other 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.