Hallador Energy Company (NASDAQ:HNRG - Get Free Report) shares traded up 4.4% during mid-day trading on Thursday . The company traded as high as $19.30 and last traded at $19.75. 56,454 shares changed hands during trading, a decline of 92% from the average session volume of 693,040 shares. The stock had previously closed at $18.91.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Hallador Energy to a "strong-buy" rating in a research report on Friday, September 12th. B. Riley lowered shares of Hallador Energy from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $15.00 to $17.00 in a research report on Tuesday, August 12th. Citigroup lowered shares of Hallador Energy to a "neutral" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Hallador Energy from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Hallador Energy presently has a consensus rating of "Buy" and a consensus price target of $19.00.
View Our Latest Research Report on Hallador Energy
Hallador Energy Trading Up 4.3%
The company has a quick ratio of 0.26, a current ratio of 0.67 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $17.30 and a 200 day simple moving average of $15.67. The company has a market cap of $848.16 million, a price-to-earnings ratio of -3.95 and a beta of 0.45.
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, topping the consensus estimate of ($0.15) by $0.34. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. The business had revenue of $102.89 million for the quarter, compared to analyst estimates of $91.73 million. On average, equities analysts anticipate that Hallador Energy Company will post -0.31 EPS for the current fiscal year.
Insider Activity
In related news, Director David C. Hardie sold 8,770 shares of the business's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $19.08, for a total value of $167,331.60. Following the sale, the director directly owned 117,731 shares in the company, valued at $2,246,307.48. The trade was a 6.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles Ray Iv Wesley acquired 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average price of $15.27 per share, for a total transaction of $305,400.00. Following the completion of the transaction, the director directly owned 234,914 shares in the company, valued at approximately $3,587,136.78. This represents a 9.31% increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.73% of the stock is owned by insiders.
Institutional Trading of Hallador Energy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jump Financial LLC purchased a new stake in Hallador Energy in the 1st quarter valued at about $1,126,000. Vanguard Group Inc. grew its holdings in Hallador Energy by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company's stock valued at $20,797,000 after buying an additional 65,652 shares during the period. Invesco Ltd. grew its holdings in Hallador Energy by 356.4% in the 1st quarter. Invesco Ltd. now owns 273,300 shares of the energy company's stock valued at $3,356,000 after buying an additional 213,421 shares during the period. Nuveen LLC purchased a new stake in Hallador Energy in the 1st quarter valued at about $1,090,000. Finally, CenterBook Partners LP purchased a new stake in shares of Hallador Energy during the 1st quarter worth about $391,000. Hedge funds and other institutional investors own 61.38% of the company's stock.
About Hallador Energy
(
Get Free Report)
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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