Hallador Energy (NASDAQ:HNRG) Stock Price Down 2.8% - Here's Why

Hallador Energy (NASDAQ:HNRG - Get Free Report)'s share price fell 2.8% on Thursday . The stock traded as low as $17.44 and last traded at $17.43. 18,397 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 597,911 shares. The stock had previously closed at $17.94.

Analysts Set New Price Targets

HNRG has been the topic of several research reports. B. Riley upped their price target on Hallador Energy from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Northland Securities started coverage on Hallador Energy in a report on Monday, May 19th. They issued an "outperform" rating and a $23.00 price objective for the company. Wall Street Zen cut Hallador Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Northland Capmk raised Hallador Energy to a "strong-buy" rating in a research report on Monday, May 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Hallador Energy currently has an average rating of "Buy" and an average target price of $18.33.

Hallador Energy Stock Performance

The stock has a 50-day moving average of $14.85 and a 200 day moving average of $12.69. The firm has a market capitalization of $743.91 million, a P/E ratio of -31.47 and a beta of 0.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.39. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The business had revenue of $117.79 million during the quarter, compared to the consensus estimate of $98.70 million. On average, research analysts anticipate that Hallador Energy will post -0.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director David C. Hardie sold 97,837 shares of Hallador Energy stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $19.05, for a total transaction 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 trade represents a 41.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 23.73% of the company's stock.

Hedge Funds Weigh In On Hallador Energy

Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Hallador Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company's stock worth $187,000 after buying an additional 624 shares during the last quarter. Nebula Research & Development LLC increased its position in Hallador Energy by 3.0% during the fourth quarter. Nebula Research & Development LLC now owns 31,176 shares of the energy company's stock worth $357,000 after buying an additional 906 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Hallador Energy by 2.5% in the first quarter. Rhumbline Advisers now owns 37,607 shares of the energy company's stock valued at $462,000 after buying an additional 935 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Hallador Energy by 1.3% in the 1st quarter. SummerHaven Investment Management LLC now owns 106,750 shares of the energy company's stock valued at $1,311,000 after acquiring an additional 1,340 shares during the period. Finally, Pinnacle Holdings LLC boosted its position in Hallador Energy by 33.0% during the first quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company's stock worth $68,000 after purchasing an additional 1,373 shares during the period. Institutional investors own 61.38% of the company's stock.

Hallador Energy Company Profile

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.