Hallador Energy (NASDAQ:HNRG) Shares Gap Down - What's Next?

Hallador Energy (NASDAQ:HNRG - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $18.83, but opened at $15.04. Hallador Energy shares last traded at $16.95, with a volume of 766,164 shares.

Analyst Ratings Changes

Several research firms recently issued reports on HNRG. Northland Securities started coverage on Hallador Energy in a research note on Monday. They issued an "outperform" rating and a $23.00 target price on the stock. B. Riley raised their price target on Hallador Energy from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Wall Street Zen lowered Hallador Energy from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Northland Capmk raised shares of Hallador Energy to a "strong-buy" rating in a research note on Monday. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Hallador Energy has an average rating of "Buy" and an average target price of $18.33.

Hallador Energy Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The firm's 50 day moving average is $14.24 and its 200 day moving average is $12.39. The firm has a market cap of $741.55 million, a P/E ratio of -31.37 and a beta of 0.42.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The energy company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.39. The firm had revenue of $117.79 million for the quarter, compared to analysts' expectations of $98.70 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. As a group, analysts anticipate that Hallador Energy will post -0.31 earnings per share for the current year.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 97,837 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $19.05, for a total transaction of $1,863,794.85. Following the completion of the sale, the director now directly owns 139,089 shares in the company, valued at approximately $2,649,645.45. This trade represents a 41.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 32.30% of the stock is owned by company insiders.

Institutional Trading of Hallador Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Highland Peak Capital LLC bought a new stake in Hallador Energy during the 4th quarter valued at about $5,895,000. Raymond James Financial Inc. purchased a new stake in Hallador Energy during the 4th quarter valued at $873,000. Russell Investments Group Ltd. boosted its stake in Hallador Energy by 814.1% during the 4th quarter. Russell Investments Group Ltd. now owns 113,023 shares of the energy company's stock valued at $1,294,000 after purchasing an additional 100,658 shares during the last quarter. American Century Companies Inc. boosted its stake in Hallador Energy by 22.6% during the 4th quarter. American Century Companies Inc. now owns 794,303 shares of the energy company's stock valued at $9,095,000 after purchasing an additional 146,450 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Hallador Energy by 5.7% during the 4th quarter. Renaissance Technologies LLC now owns 648,055 shares of the energy company's stock valued at $7,420,000 after purchasing an additional 35,000 shares during the last quarter. 61.38% of the stock is currently 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.

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