Hallador Energy (NASDAQ:HNRG) Reaches New 12-Month High - Here's Why

Key Points

• Hallador Energy's stock reached a new 52-week high of $22.02, reflecting a significant increase in trading activity, with a volume of 193,939 shares.
• Analyst ratings show a mixed sentiment towards Hallador Energy, with two ratings of "Strong Buy," two "Buy," two "Hold," and one "Sell," while the consensus rating is a "Moderate Buy" with an average price target of $19.00.
• The company reported impressive quarterly earnings with an EPS of $0.19, surpassing expectations, and generated revenue of $102.89 million, exceeding forecasts of $91.73 million.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.02 and last traded at $22.00, with a volume of 193939 shares. The stock had previously closed at $21.02.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Zacks Research upgraded Hallador Energy to a "strong-buy" rating in a research note on Friday, September 12th. B. Riley cut Hallador Energy from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $15.00 to $17.00 in a report on Tuesday, August 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of Hallador Energy in a report on Wednesday, October 8th. Wall Street Zen raised Hallador Energy from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Finally, Citigroup downgraded Hallador Energy to a "neutral" rating in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.00.

Hallador Energy Stock Up 2.5%

The firm's 50-day moving average is $18.10 and its two-hundred day moving average is $16.46. The stock has a market cap of $926.22 million, a P/E ratio of -4.34 and a beta of 0.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.67.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its earnings results on Monday, August 11th. The energy company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.34. The company had revenue of $102.89 million during the quarter, compared to analysts' expectations of $91.73 million. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. On average, equities research analysts anticipate that Hallador Energy Company will post -0.31 earnings per share for the current year.

Insider Transactions at Hallador Energy

In related news, Director David C. Hardie sold 100,000 shares of the business's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $19.53, for a total transaction of $1,953,000.00. Following the completion of the sale, the director directly owned 21,072 shares of the company's stock, valued at $411,536.16. The trade was a 82.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles Ray Iv Wesley bought 20,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were acquired at an average cost of $15.27 per share, with a total value of $305,400.00. Following the acquisition, the director directly owned 234,914 shares in the company, valued at approximately $3,587,136.78. This trade represents a 9.31% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 372,062 shares of company stock worth $7,232,705. Corporate insiders own 23.73% of the company's stock.

Hedge Funds Weigh In On Hallador Energy

Hedge funds have recently added to or reduced their stakes in the stock. Jump Financial LLC bought a new stake in shares of Hallador Energy in the 1st quarter valued at about $1,126,000. Vanguard Group Inc. boosted its position in shares of Hallador Energy by 4.0% during the first quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company's stock worth $20,797,000 after purchasing an additional 65,652 shares in the last quarter. Invesco Ltd. boosted its position in shares of Hallador Energy by 356.4% during the first quarter. Invesco Ltd. now owns 273,300 shares of the energy company's stock worth $3,356,000 after purchasing an additional 213,421 shares in the last quarter. Nuveen LLC acquired a new stake in Hallador Energy during the 1st quarter worth $1,090,000. Finally, Trexquant Investment LP raised its stake in Hallador Energy by 308.0% during the 1st quarter. Trexquant Investment LP now owns 47,331 shares of the energy company's stock worth $581,000 after buying an additional 35,731 shares during the period. Institutional investors and hedge funds own 61.38% of the company's stock.

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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