Hallador Energy (NASDAQ:HNRG) Shares Down 4.1% - Here's Why

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 share price fell 4.1% on Thursday . The stock traded as low as $17.06 and last traded at $17.03. 129,229 shares traded 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.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HNRG. B. Riley lowered shares of Hallador Energy from a "buy" rating to a "neutral" rating and upped their price objective for the company from $15.00 to $17.00 in a research note on Tuesday, August 12th. Citigroup lowered shares of Hallador Energy to a "neutral" rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded shares of Hallador Energy from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Northland Securities began coverage on shares of Hallador Energy in a research note on Monday, May 19th. They issued an "outperform" rating and a $23.00 price objective on the stock. Finally, Northland Capmk upgraded shares of Hallador Energy to a "strong-buy" rating in a research note on Monday, May 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $19.00.

Hallador Energy Trading Down 3.6%

The company has a current ratio of 0.67, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The company's fifty day moving average is $16.76 and its 200-day moving average is $15.04. The firm has a market capitalization of $735.90 million, a P/E ratio of -3.43 and a beta of 0.45.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Charles Ray Iv Wesley purchased 20,000 shares of Hallador Energy stock in a transaction on Tuesday, August 19th. The stock was purchased 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 23.73% of the company's stock.

Institutional Trading of Hallador Energy

A number of hedge funds have recently bought and sold shares of HNRG. BNP Paribas Financial Markets boosted its holdings in Hallador Energy by 517.0% in the 4th quarter. BNP Paribas Financial Markets now owns 30,629 shares of the energy company's stock valued at $351,000 after purchasing an additional 25,665 shares during the period. Deutsche Bank AG boosted its holdings in Hallador Energy by 36.5% in the 4th quarter. Deutsche Bank AG now owns 18,207 shares of the energy company's stock valued at $208,000 after purchasing an additional 4,872 shares during the period. Moore Capital Management LP bought a new stake in Hallador Energy in the 4th quarter valued at $959,000. Quantinno Capital Management LP boosted its holdings in Hallador Energy by 17.0% in the 4th quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company's stock valued at $136,000 after purchasing an additional 1,729 shares during the period. Finally, Point72 Asset Management L.P. boosted 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 valued at $12,566,000 after purchasing an additional 1,073,433 shares during the period. 61.38% of the stock is owned by institutional investors.

Hallador Energy Company Profile

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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