Hallador Energy (NASDAQ:HNRG - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $17.11, but opened at $16.60. Hallador Energy shares last traded at $15.91, with a volume of 126,118 shares changing hands.
Wall Street Analysts Forecast Growth
HNRG has been the topic of several recent analyst reports. B. Riley increased their target price on Hallador Energy from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Northland Capmk raised shares of Hallador Energy to a "strong-buy" rating in a report on Monday, May 19th. Wall Street Zen cut Hallador Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Northland Securities initiated coverage on Hallador Energy in a research report on Monday, May 19th. They issued an "outperform" rating and a $23.00 target price on the stock. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $18.33.
Get Our Latest Analysis on HNRG
Hallador Energy Trading Down 0.4%
The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. The stock has a market capitalization of $722.43 million, a PE ratio of -30.56 and a beta of 0.42. The stock has a 50-day moving average price of $15.12 and a two-hundred day moving average price of $12.78.
Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The energy company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.39. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The firm had revenue of $117.79 million for the quarter, compared to analysts' expectations of $98.70 million. As a group, equities analysts forecast that Hallador Energy will post -0.31 earnings per share for the current year.
Insiders Place Their Bets
In other Hallador Energy news, Director David C. Hardie sold 97,837 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $19.05, for a total value of $1,863,794.85. Following the transaction, the director now owns 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 SEC, which is available through this hyperlink. Corporate insiders own 23.73% of the company's stock.
Institutional Investors Weigh In On Hallador Energy
A number of hedge funds have recently made changes to their positions in HNRG. Dimensional Fund Advisors LP increased its holdings in shares of Hallador Energy by 10.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company's stock valued at $21,569,000 after purchasing an additional 173,749 shares during the period. Vanguard Group Inc. lifted its holdings in Hallador Energy by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company's stock valued at $20,797,000 after purchasing an additional 65,652 shares in the last quarter. Empyrean Capital Partners LP boosted its position in Hallador Energy by 71.0% during the fourth quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company's stock worth $15,171,000 after acquiring an additional 550,000 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Hallador Energy by 4,460.2% in the fourth 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 last quarter. Finally, Apis Capital Advisors LLC increased its holdings in shares of Hallador Energy by 20.3% in the first quarter. Apis Capital Advisors LLC now owns 1,079,935 shares of the energy company's stock valued at $13,262,000 after purchasing an additional 181,935 shares during the last quarter. 61.38% of the stock is currently owned by hedge funds and other institutional investors.
About Hallador Energy
(
Get Free Report)
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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