Hallador Energy (NASDAQ:HNRG) Shares Gap Up - Here's What Happened

Key Points

• Hallador Energy shares gapped up before trading on Thursday, opening at $21.71 after a $18.55 close and last trading around $19.94 on volume of about 399,561 shares.
• Analysts are mixed but tilted positive: MarketBeat shows an average rating of Moderate Buy with an average price target of $26.63 (ratings breakdown: 1 Strong Buy, 3 Buy, 2 Hold, 1 Sell).
• The company missed Q1 EPS estimates (reported -$0.20 vs. -$0.16 expected) and revenue was slightly below forecasts; Hallador has a market cap of $891.6M, a P/E of 19.7 and low liquidity ratios (current 0.81, quick 0.23).

Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $18.55, but opened at $21.71. Hallador Energy shares last traded at $19.9370, with a volume of 399,561 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HNRG. Zacks Research downgraded Hallador Energy from a "strong-buy" rating to a "hold" rating in a report on Monday, January 12th. Wall Street Zen cut Hallador Energy from a "hold" rating to a "sell" rating in a report on Sunday, March 22nd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hallador Energy in a research note on Tuesday, April 21st. B. Riley Financial raised shares of Hallador Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $23.00 to $27.00 in a research note on Friday, March 13th. Finally, Jefferies Financial Group raised shares of Hallador Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Hallador Energy presently has an average rating of "Moderate Buy" and an average price target of $26.63.

Hallador Energy Trading Up 2.0%

The company has a current ratio of 0.81, a quick ratio of 0.23 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $891.61 million, a P/E ratio of 19.71 and a beta of 0.16. The business has a 50 day moving average of $16.90 and a 200-day moving average of $18.81.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.04). The company had revenue of $101.81 million during the quarter, compared to the consensus estimate of $102.28 million. Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%. Analysts anticipate that Hallador Energy Company will post 0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Hallador Energy

Large investors have recently added to or reduced their stakes in the company. Great Lakes Advisors LLC acquired a new position in Hallador Energy during the third quarter worth $2,234,000. Value Aligned Research Advisors LLC lifted its stake in Hallador Energy by 1,038.2% in the third quarter. Value Aligned Research Advisors LLC now owns 320,759 shares of the energy company's stock valued at $6,277,000 after acquiring an additional 292,577 shares during the last quarter. American Century Companies Inc. grew its position in shares of Hallador Energy by 10.6% in the 3rd quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company's stock valued at $23,188,000 after acquiring an additional 113,547 shares during the period. Sierra Summit Advisors LLC acquired a new position in shares of Hallador Energy during the 3rd quarter worth about $1,064,000. Finally, Peloton Wealth Strategists increased its stake in shares of Hallador Energy by 26.3% during the 4th quarter. Peloton Wealth Strategists now owns 24,000 shares of the energy company's stock worth $457,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 61.38% of the company's stock.

Hallador Energy Company Profile

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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