Hallador Energy (NASDAQ:HNRG) Trading Down 5.4% - Here's What Happened

Key Points

• Hallador Energy's shares fell 5.4% during trading on Monday, with the stock trading down to $20.08 after closing at $21.22.
• The company recently reported earnings of $0.23 per share, exceeding analysts' expectations of (0.16), while revenues reached $117.79 million, surpassing estimates of $98.70 million.
• Analysts have varying ratings on Hallador Energy, with a consensus rating of "Buy" and an average target price of $18.33 following recent upgrades and downgrades.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s stock price fell 5.4% during mid-day trading on Monday . The company traded as low as $20.06 and last traded at $20.08. 800,939 shares changed hands during trading, an increase of 14% from the average session volume of 702,745 shares. The stock had previously closed at $21.22.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HNRG. Wall Street Zen lowered shares of Hallador Energy from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Northland Capmk raised shares of Hallador Energy to a "strong-buy" rating in a report on Monday, May 19th. 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 price target on the stock. Citigroup downgraded shares of Hallador Energy to a "neutral" rating in a report on Tuesday. Finally, 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 report on Tuesday. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $19.00.

Hallador Energy Stock Down 4.6%

The company has a current ratio of 0.67, a quick ratio of 0.17 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $704.07 million, a P/E ratio of -3.28 and a beta of 0.52. The company has a 50 day simple moving average of $16.51 and a two-hundred day simple moving average of $14.37.

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 for the quarter, topping the consensus estimate of ($0.15) by $0.34. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. The business had revenue of $102.89 million during the quarter, compared to the consensus estimate of $91.73 million. On average, equities analysts predict that Hallador Energy Company will post -0.31 EPS for the current fiscal year.

Insider Activity

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 sale, the director directly owned 139,089 shares of the company's stock, valued at $2,649,645.45. This represents a 41.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.73% of the stock is owned by company insiders.

Institutional Trading of Hallador Energy

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Hallador Energy during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its holdings in shares of Hallador Energy by 11,110.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company's stock worth $34,000 after acquiring an additional 2,111 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in Hallador Energy by 68.0% during 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 raised its holdings in Hallador Energy by 294.5% during 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, Hilltop National Bank purchased a new stake in Hallador Energy during the 2nd quarter valued at $71,000. 61.38% of the stock is owned by hedge funds and other 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.