Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $22.01 and last traded at $18.26, with a volume of 2055156 shares traded. The stock had previously closed at $19.62.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on HNRG shares. Northland Securities initiated coverage on Hallador Energy in a research report on Monday, May 19th. They set an "outperform" rating and a $23.00 price objective on the stock. Northland Capmk raised Hallador Energy to a "strong-buy" rating in a report on Monday, May 19th. B. Riley downgraded shares of Hallador Energy from a "buy" rating to a "neutral" rating and lifted their price target for the company from $15.00 to $17.00 in a research report on Tuesday, August 12th. Citigroup downgraded Hallador Energy to a "neutral" rating in a research report on Tuesday. Finally, Wall Street Zen cut shares of Hallador Energy from a "buy" rating to a "hold" rating in a research note on Saturday. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $19.00.
View Our Latest Stock Report on HNRG
Hallador Energy Trading Down 4.6%
The firm has a market cap of $704.07 million, a price-to-earnings ratio of -3.28 and a beta of 0.52. The business's 50 day moving average price is $16.51 and its 200-day moving average price is $14.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.17 and a current ratio of 0.67.
Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The energy company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.34. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. The business had revenue of $102.89 million during the quarter, compared to the consensus estimate of $91.73 million. Equities analysts expect that Hallador Energy Company will post -0.31 EPS for the current year.
Insider Buying and Selling at Hallador Energy
In other Hallador Energy news, Director David C. Hardie sold 97,837 shares of the company's stock in a transaction dated 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 owned 139,089 shares in the company, valued at approximately $2,649,645.45. This represents a 41.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.73% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Hallador Energy during the second quarter valued at approximately $27,000. EverSource Wealth Advisors LLC lifted its position in shares of Hallador Energy by 11,110.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company's stock valued at $34,000 after acquiring an additional 2,111 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Hallador Energy by 68.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company's stock valued at $50,000 after buying an additional 1,283 shares during the period. Tower Research Capital LLC TRC increased its stake in Hallador Energy by 294.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company's stock valued at $50,000 after buying an additional 2,374 shares during the period. Finally, Pinnacle Holdings LLC increased its stake in Hallador Energy by 33.0% in the 1st quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company's stock valued at $68,000 after buying an additional 1,373 shares during the period. Institutional investors own 61.38% of the company's stock.
About Hallador Energy
(
Get Free Report)
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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