Hallador Energy (NASDAQ:HNRG) Trading Down 4.1% - Here's What Happened

Key Points

• Hallador Energy's share price fell 4.1% to $17.03, with trading volume down 82% from the average.
• Several analysts have adjusted their ratings on Hallador Energy, with B. Riley and Citigroup downgrading to "neutral," while Northland Securities upgraded to "outperform" with a price target of $23.00.
• Hallador reported $0.19 earnings per share, surpassing expectations and generating $102.89 million in revenue for the last quarter, despite a negative net margin of 46.61%.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s stock price fell 4.1% during trading on Thursday . The stock traded as low as $17.06 and last traded at $17.03. 129,229 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 706,060 shares. The stock had previously closed at $17.75.

Analyst Upgrades and Downgrades

Several research firms have commented on HNRG. Citigroup lowered shares of Hallador Energy to a "neutral" rating in a report on Tuesday, August 12th. Zacks Research raised shares of Hallador Energy to a "strong-buy" rating in a research note on Friday. Northland Capmk raised shares of Hallador Energy to a "strong-buy" rating in a research note on Monday, May 19th. Northland Securities assumed coverage on shares of Hallador Energy in a research note on Monday, May 19th. They issued an "outperform" rating and a $23.00 price target on the stock. Finally, B. Riley lowered shares of Hallador Energy from a "buy" rating to a "neutral" rating and raised their price target for the company from $15.00 to $17.00 in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $19.00.

Hallador Energy Price Performance

The stock's fifty day moving average price is $16.89 and its 200-day moving average price is $15.30. The firm has a market cap of $795.25 million, a price-to-earnings ratio of -3.71 and a beta of 0.45. The company has a current ratio of 0.67, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25.

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

Insider Activity

In other news, Director Charles Ray Iv Wesley purchased 20,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $15.27 per share, for a total transaction of $305,400.00. Following the acquisition, the director directly owned 234,914 shares of the company's stock, valued at approximately $3,587,136.78. This represents a 9.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hallador Energy

A number of hedge funds have recently made changes to their positions in HNRG. Ameriprise Financial Inc. purchased a new position in shares of Hallador Energy during the 2nd quarter worth approximately $18,735,000. Point72 Asset Management L.P. boosted its position in shares of Hallador Energy by 4,460.2% during 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 during the period. CenterBook Partners LP boosted its position in shares of Hallador Energy by 2,371.9% during the 2nd quarter. CenterBook Partners LP now owns 786,671 shares of the energy company's stock worth $12,453,000 after purchasing an additional 754,846 shares during the period. Millennium Management LLC boosted its position in shares of Hallador Energy by 1,233.6% during the 1st quarter. Millennium Management LLC now owns 486,532 shares of the energy company's stock worth $5,975,000 after purchasing an additional 450,049 shares during the period. Finally, Prudential Financial Inc. purchased a new position in shares of Hallador Energy during the 2nd quarter worth approximately $6,910,000. Hedge funds and other institutional investors 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.