Hallador Energy (NASDAQ:HNRG) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• Hallador Energy's stock price has risen above its 200-day moving average of $15.46, recently trading at $19.49 with a peak of $19.69.
• Analysts have mixed ratings for Hallador Energy, with an average rating of "Buy" and a target price of $19.00, while B. Riley and Citigroup respectively downgraded and retained a neutral rating.
• In recent insider activity, Director Charles Ray Iv Wesley acquired 20,000 shares at an average price of $15.27, increasing his ownership stake to 234,914 shares.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.46 and traded as high as $19.69. Hallador Energy shares last traded at $19.49, with a volume of 840,690 shares trading hands.

Analysts Set New Price Targets

Several research analysts have issued reports on HNRG shares. Zacks Research upgraded Hallador Energy to a "strong-buy" rating in a research note on Friday, September 12th. B. Riley cut Hallador Energy from a "buy" rating to a "neutral" rating and raised their price target for the company from $15.00 to $17.00 in a report on Tuesday, August 12th. Wall Street Zen upgraded Hallador Energy from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Finally, Citigroup lowered Hallador Energy to a "neutral" rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Hallador Energy has an average rating of "Buy" and an average price target of $19.00.

Hallador Energy Price Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.67. The company has a market cap of $830.31 million, a price-to-earnings ratio of -3.87 and a beta of 0.46. The business has a fifty day moving average price of $17.08 and a 200 day moving average price of $15.55.

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

Insider Transactions at Hallador Energy

In other news, Director Charles Ray Iv Wesley bought 20,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $15.27 per share, with a total value of $305,400.00. Following the acquisition, the director directly owned 234,914 shares in the company, valued at approximately $3,587,136.78. This trade represents a 9.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hallador Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hallador Energy by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company's stock worth $187,000 after acquiring an additional 624 shares in the last quarter. Rhumbline Advisers increased its position in shares of Hallador Energy by 2.5% during the first quarter. Rhumbline Advisers now owns 37,607 shares of the energy company's stock valued at $462,000 after acquiring an additional 935 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Hallador Energy by 1.0% during the second quarter. SummerHaven Investment Management LLC now owns 107,766 shares of the energy company's stock valued at $1,706,000 after purchasing an additional 1,016 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Hallador Energy by 68.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company's stock worth $50,000 after acquiring an additional 1,283 shares during the period. Finally, Pinnacle Holdings LLC boosted its holdings in shares of Hallador Energy by 33.0% in the first quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company's stock worth $68,000 after acquiring an additional 1,373 shares during the period. Institutional investors own 61.38% of the company's stock.

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.