Hallador Energy (NASDAQ:HNRG) Shares Up 8.8% - Should You Buy?

Key Points

• Shares of Hallador Energy jumped 8.8% on Tuesday to about $16.93, though trading volume was well below the average session level.
• Analyst sentiment is mixed but tilted positive with a consensus rating of “Moderate Buy” and a consensus price target of $26.63; notable moves include Jefferies upgrading to a strong-buy and Northland raising its target to $34.
• Recent quarterly results showed EPS of ($0.01) (in line with estimates) and revenue slightly below expectations, while the company has a market cap of ~$827M, a P/E of 18.3 and about 61.4% institutional ownership.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) shares shot up 8.8% during trading on Tuesday . The company traded as high as $16.83 and last traded at $16.9310. 232,817 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 742,513 shares. The stock had previously closed at $15.56.

Analysts Set New Price Targets

A number of research firms have recently commented on HNRG. Zacks Research lowered shares of Hallador Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 12th. Weiss Ratings restated a "sell (d-)" rating on shares of Hallador Energy in a report on Tuesday, April 21st. Wall Street Zen cut shares of Hallador Energy from a "hold" rating to a "sell" rating in a research report on Sunday, March 22nd. Northland Securities lifted their price objective on Hallador Energy from $29.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, March 26th. Finally, Jefferies Financial Group upgraded Hallador Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Hallador Energy presently has an average rating of "Moderate Buy" and a consensus price target of $26.63.

Hallador Energy Trading Up 12.8%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.23 and a current ratio of 0.81. The firm has a 50-day moving average of $16.91 and a 200-day moving average of $18.86. The firm has a market capitalization of $827.08 million, a P/E ratio of 18.30 and a beta of 0.16.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $101.94 million during the quarter, compared to analyst estimates of $105.48 million. Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%. On average, equities research analysts anticipate that Hallador Energy Company will post 0.19 EPS for the current fiscal year.

Institutional Trading of Hallador Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HNRG. Lubar & Co. Inc purchased a new position in Hallador Energy during the fourth quarter valued at $103,806,000. American Century Companies Inc. raised its position in shares of Hallador Energy by 10.6% during the 3rd quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company's stock worth $23,188,000 after purchasing an additional 113,547 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Hallador Energy during the 2nd quarter worth about $18,735,000. Apis Capital Advisors LLC lifted its stake in Hallador Energy by 7.0% in the 4th quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company's stock valued at $17,403,000 after buying an additional 60,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Hallador Energy by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 913,202 shares of the energy company's stock worth $17,387,000 after buying an additional 40,245 shares during the last quarter. Institutional investors and hedge funds 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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