Hallador Energy (NASDAQ:HNRG) Trading Down 5.9% After Insider Selling

Key Points

• Shares of Hallador Energy fell by 5.9% to $18.77 following significant insider selling by Director David C. Hardie, who sold over 100,000 shares in multiple transactions.
• Despite the insider sales, analysts have mixed ratings on Hallador Energy, with some upgrading the stock to a "strong-buy" and others adjusting their ratings to "neutral."
• The company has reported a positive earnings surprise, with a reported EPS of $0.19 for the last quarter, surpassing consensus estimates and achieving revenue of $102.89 million.

Shares of Hallador Energy Company (NASDAQ:HNRG - Get Free Report) were down 5.9% on Thursday following insider selling activity. The stock traded as low as $18.80 and last traded at $18.77. Approximately 170,936 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 697,303 shares. The stock had previously closed at $19.95.

Specifically, Director David C. Hardie sold 100,000 shares of the firm's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $19.53, for a total value of $1,953,000.00. Following the completion of the transaction, the director owned 46,072 shares in the company, valued at $899,786.16. This trade represents a 68.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David C. Hardie sold 73,783 shares of the firm's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $19.65, for a total value of $1,449,835.95. Following the completion of the transaction, the director owned 71,072 shares of the company's stock, valued at approximately $1,396,564.80. This represents a 50.94% decrease in their position. The disclosure for this sale can be found here. In other news, Director David C. Hardie sold 77,868 shares of the firm's stock in a transaction on Friday, September 26th. The stock was sold at an average price of $19.18, for a total value of $1,493,508.24. Following the completion of the transaction, the director owned 89,518 shares in the company, valued at $1,716,955.24. This trade represents a 46.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Analyst Ratings Changes

A number of research firms recently commented on HNRG. Citigroup cut Hallador Energy to a "neutral" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded Hallador Energy from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Zacks Research upgraded Hallador Energy to a "strong-buy" rating in a research report on Friday, September 12th. Finally, B. Riley cut Hallador Energy from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $15.00 to $17.00 in a research report on Tuesday, August 12th. Two investment 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.com, Hallador Energy currently has a consensus rating of "Buy" and a consensus price target of $19.00.

Hallador Energy Stock Down 6.6%

The firm has a market capitalization of $801.71 million, a price-to-earnings ratio of -3.74 and a beta of 0.39. The company has a current ratio of 0.67, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $17.65 and a two-hundred day moving average price of $16.00.

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

Hedge Funds Weigh In On Hallador Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in Hallador Energy during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC lifted its position in Hallador Energy by 11,110.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company's stock worth $34,000 after acquiring an additional 2,111 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in Hallador Energy by 68.0% during the 2nd 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 in the last quarter. Tower Research Capital LLC TRC increased its holdings in Hallador Energy by 294.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company's stock worth $50,000 after purchasing an additional 2,374 shares during the last quarter. Finally, Hilltop National Bank purchased a new stake in Hallador Energy during the 2nd quarter worth approximately $71,000. 61.38% of the stock is owned by institutional investors and hedge funds.

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.

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