Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s stock price shot up 6.9% on Friday . The stock traded as high as $16.33 and last traded at $16.43. 128,086 shares changed hands during trading, a decline of 79% from the average session volume of 606,592 shares. The stock had previously closed at $15.37.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. B. Riley boosted their target price on Hallador Energy from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Northland Securities began coverage on Hallador Energy in a research note on Monday, May 19th. They issued an "outperform" rating and a $23.00 price target for the company. Wall Street Zen downgraded Hallador Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Northland Capmk upgraded Hallador Energy to a "strong-buy" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Hallador Energy has an average rating of "Buy" and an average price target of $18.33.
Check Out Our Latest Report on Hallador Energy
Hallador Energy Trading Up 2.7%
The firm has a market cap of $678.65 million, a price-to-earnings ratio of -2.90 and a beta of 0.47. The business has a fifty day simple moving average of $16.63 and a 200-day simple moving average of $13.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.17 and a current ratio of 0.60.
Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its earnings results on Monday, May 12th. The energy company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.39. The company had revenue of $117.79 million for the quarter, compared to analyst estimates of $98.70 million. Hallador Energy had a positive return on equity of 0.31% and a negative net margin of 52.50%. As a group, equities analysts forecast that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.
Insider Transactions at Hallador Energy
In other Hallador Energy news, Director David C. Hardie sold 97,837 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $19.05, for a total transaction of $1,863,794.85. Following the transaction, the director owned 139,089 shares in the company, valued at approximately $2,649,645.45. This represents a 41.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.73% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in HNRG. Dimensional Fund Advisors LP increased its holdings in Hallador Energy by 10.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company's stock valued at $21,569,000 after buying an additional 173,749 shares during the period. Vanguard Group Inc. raised its position in shares of Hallador Energy by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company's stock worth $20,797,000 after purchasing an additional 65,652 shares during the last quarter. Empyrean Capital Partners LP raised its holdings in Hallador Energy by 71.0% in the 4th quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company's stock valued at $15,171,000 after acquiring an additional 550,000 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Hallador Energy by 4,460.2% in the 4th quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company's stock valued at $12,566,000 after acquiring an additional 1,073,433 shares during the last quarter. Finally, Apis Capital Advisors LLC raised its holdings in Hallador Energy by 20.3% in the 1st quarter. Apis Capital Advisors LLC now owns 1,079,935 shares of the energy company's stock valued at $13,262,000 after acquiring an additional 181,935 shares during the last quarter. 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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