Hallador Energy (NASDAQ:HNRG) Shares Gap Down on Disappointing Earnings

Key Points

• Hallador Energy shares fell after the company reported quarterly EPS of $0.32 below the $0.12 consensus estimate, despite revenue of $101.51 million exceeding expectations of $90.33 million.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Moderate Buy” rating and a $26.62 price target, well above its recent trading level near $15.47.
• Insiders purchased 35,000 shares worth about $589,170 over the past three months, while institutional investors own 61.38% of the company.

Shares of Hallador Energy Company (NASDAQ:HNRG - Get Free Report) gapped down before the market opened on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $15.88, but opened at $15.01. Hallador Energy shares last traded at $15.4680, with a volume of 177,901 shares traded.

The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. The business had revenue of $101.51 million for the quarter, compared to analysts' expectations of $90.33 million.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HNRG shares. Weiss Ratings restated a "hold (c-)" rating on shares of Hallador Energy in a research report on Tuesday, August 4th. Wall Street Zen raised Hallador Energy from a "strong sell" rating to a "sell" rating in a research report on Sunday, June 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.62.

Insider Buying and Selling at Hallador Energy

In other news, Director Daniel Timothy Hudson purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, July 9th. The shares were bought at an average price of $16.58 per share, for a total transaction of $82,900.00. Following the purchase, the director directly owned 20,000 shares in the company, valued at approximately $331,600. This trade represents a 33.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles Ray Iv Wesley acquired 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average cost of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the transaction, the director directly owned 338,469 shares in the company, valued at $5,649,047.61. The trade was a 4.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 35,000 shares of company stock worth $589,170 over the last three months. Corporate insiders own 17.43% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lubar & Co. Inc purchased a new position in Hallador Energy in the 4th quarter worth approximately $103,806,000. BlackRock Inc. purchased a new position in shares of Hallador Energy in the second quarter worth $49,594,000. Ameriprise Financial Inc. bought a new position in shares of Hallador Energy during the second quarter valued at $18,735,000. Dimensional Fund Advisors LP lifted its holdings in shares of Hallador Energy by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company's stock valued at $16,658,000 after purchasing an additional 109,781 shares in the last quarter. Finally, Apis Capital Advisors LLC lifted its holdings in shares of Hallador Energy by 7.0% during the fourth quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company's stock valued at $17,403,000 after purchasing an additional 60,000 shares in the last quarter. Institutional investors own 61.38% of the company's stock.

Hallador Energy Price Performance

The firm has a 50-day moving average of $16.48 and a 200 day moving average of $17.37. The company has a market capitalization of $748.19 million, a PE ratio of 29.95 and a beta of 0.25.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company's primary business activities center on the production and sale of bituminous thermal coal. Hallador's operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.

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