Hallador Energy (NASDAQ:HNRG) Shares Up 5.1% - Should You Buy?

Key Points

• Hallador Energy shares increased by 5.1%, reaching a trading price of $20.96, despite a decline in trading volume compared to the average.
• Analyst ratings for Hallador Energy vary, with two analysts issuing a Strong Buy rating, while others downgraded the stock to neutral or sell ratings, leading to an average rating of Moderate Buy.
• Company insiders have shown mixed activity, with a director increasing his holdings by purchasing 20,000 shares, while another director sold 100,000 shares, resulting in an overall insider ownership of 23.73%.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) shares shot up 5.1% during mid-day trading on Friday . The stock traded as high as $21.50 and last traded at $20.96. 561,796 shares were traded during trading, a decline of 19% from the average session volume of 690,296 shares. The stock had previously closed at $19.93.

Analyst Ratings Changes

A number of research analysts have commented on HNRG shares. Wall Street Zen upgraded Hallador Energy from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. B. Riley cut Hallador Energy from a "buy" rating to a "neutral" rating and upped their target price for the stock from $15.00 to $17.00 in a research note on Tuesday, August 12th. Zacks Research raised Hallador Energy to a "strong-buy" rating in a research note on Friday, September 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Hallador Energy in a report on Wednesday. Finally, Citigroup downgraded Hallador Energy to a "neutral" rating in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $19.00.

Hallador Energy Trading Up 4.6%

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.26. The company has a market cap of $896.76 million, a P/E ratio of -4.15 and a beta of 0.39. The stock's 50-day moving average is $17.98 and its two-hundred day moving average is $16.30.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The energy company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.34. The business had revenue of $102.89 million during the quarter, compared to analyst estimates of $91.73 million. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. As a group, equities research analysts predict that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In other news, Director Charles Ray Iv Wesley acquired 20,000 shares of Hallador Energy stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $15.27 per share, for a total transaction of $305,400.00. Following the completion of the purchase, the director directly owned 234,914 shares of the company's stock, valued at $3,587,136.78. This trade represents a 9.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David C. Hardie sold 100,000 shares of Hallador Energy stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $19.53, for a total value of $1,953,000.00. Following the completion of the transaction, the director directly owned 21,072 shares in the company, valued at $411,536.16. This represents a 82.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 372,062 shares of company stock valued at $7,232,705. 23.73% of the stock is owned by insiders.

Institutional Trading of Hallador Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC boosted its holdings in Hallador Energy by 241.1% in the second quarter. Squarepoint Ops LLC now owns 94,355 shares of the energy company's stock valued at $1,494,000 after acquiring an additional 66,691 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Hallador Energy during the 2nd quarter valued at $1,426,000. Caxton Associates LLP bought a new stake in shares of Hallador Energy during the 2nd quarter worth $261,000. Tower Research Capital LLC TRC increased its holdings in Hallador Energy by 294.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company's stock worth $50,000 after purchasing an additional 2,374 shares in the last quarter. Finally, Oxford Asset Management LLP bought a new position in shares of Hallador Energy during the second quarter worth about $212,000. 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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