Hallador Energy (NASDAQ:HNRG) Share Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Hallador Energy's stock has surpassed its two hundred day moving average, trading as high as $21.51 before closing at $19.62 with a volume of over 1.6 million shares on Monday.
• Analysts have varied ratings on Hallador Energy, with Northland Securities setting an "outperform" rating and a price target of $23.00, while Wall Street Zen downgraded the stock to a "hold" rating.
• In its latest quarterly earnings report, Hallador Energy reported an earnings per share (EPS) of $0.19, exceeding expectations and generating revenue of $102.89 million against an estimate of $91.73 million.

Shares of Hallador Energy Company (NASDAQ:HNRG - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.22 and traded as high as $21.51. Hallador Energy shares last traded at $19.62, with a volume of 1,667,801 shares.

Analyst Ratings Changes

Several equities analysts recently issued reports on HNRG shares. Northland Capmk raised Hallador Energy to a "strong-buy" rating in a report on Monday, May 19th. Wall Street Zen cut Hallador Energy from a "buy" rating to a "hold" rating in a report on Saturday. Citigroup cut Hallador Energy to a "neutral" rating in a report on Tuesday. Northland Securities started coverage on Hallador Energy in a report on Monday, May 19th. They issued an "outperform" rating and a $23.00 price target for the company. Finally, B. Riley cut Hallador Energy from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $15.00 to $17.00 in a report on Tuesday. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Hallador Energy presently has a consensus rating of "Moderate Buy" and an average target price of $19.00.

Hallador Energy Stock Performance

The stock has a 50-day simple moving average of $16.51 and a 200-day simple moving average of $14.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.17. The stock has a market cap of $704.07 million, a PE ratio of -3.28 and a beta of 0.52.

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

Insider Activity at Hallador Energy

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 transaction 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 approximately $2,649,645.45. This represents a 41.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.73% of the company's stock.

Hedge Funds Weigh In On Hallador Energy

Several institutional investors have recently made changes to their positions in HNRG. Raymond James Financial Inc. acquired a new stake in Hallador Energy in the 2nd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC increased its position in 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 during the period. Ameritas Investment Partners Inc. increased its position 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 acquiring an additional 1,283 shares during the period. Tower Research Capital LLC TRC increased its position 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 acquiring an additional 2,374 shares during the period. Finally, Pinnacle Holdings LLC increased its position 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 acquiring an additional 1,373 shares during the period. 61.38% of the stock is owned by 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.