Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.70 and traded as high as $17.12. Hallador Energy shares last traded at $16.83, with a volume of 991,174 shares.
Analyst Ratings Changes
A number of brokerages have weighed in on HNRG. Wall Street Zen downgraded shares of Hallador Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Northland Capmk raised Hallador Energy to a "strong-buy" rating in a research note on Monday, May 19th. B. Riley boosted their price objective on shares of Hallador Energy from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Finally, Northland Securities assumed coverage on shares of Hallador Energy in a report on Monday, May 19th. They set an "outperform" rating and a $23.00 target price for the company. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $18.33.
Check Out Our Latest Research Report on Hallador Energy
Hallador Energy Price Performance
The business has a fifty day moving average of $16.45 and a 200 day moving average of $13.78. The firm has a market cap of $702.01 million, a P/E ratio of -3.00 and a beta of 0.47. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 0.09.
Hallador Energy (NASDAQ:HNRG - Get Free Report) last released 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 analysts' expectations of $98.70 million. Hallador Energy had a negative net margin of 52.50% and a positive return on equity of 0.31%. On average, sell-side analysts anticipate that Hallador Energy Company will post -0.31 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director David C. Hardie sold 97,837 shares of the business'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 sale, the director owned 139,089 shares of the company's stock, valued at approximately $2,649,645.45. The trade was a 41.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.73% of the stock is owned by insiders.
Institutional Investors Weigh In On Hallador Energy
Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in Hallador Energy by 10.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company's stock worth $21,569,000 after buying an additional 173,749 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 buying an additional 65,652 shares in the last quarter. Empyrean Capital Partners LP boosted its holdings in shares of Hallador Energy by 71.0% during the 4th quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company's stock valued at $15,171,000 after acquiring an additional 550,000 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Hallador Energy by 4,460.2% in the 4th quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company's stock worth $12,566,000 after purchasing an additional 1,073,433 shares in the last quarter. Finally, Apis Capital Advisors LLC raised its position in Hallador Energy by 20.3% in the first quarter. Apis Capital Advisors LLC now owns 1,079,935 shares of the energy company's stock valued at $13,262,000 after purchasing an additional 181,935 shares during the last quarter. Institutional investors and hedge funds own 61.38% of the company's stock.
Hallador Energy Company Profile
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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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