Hallador Energy's (HNRG) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Hallador Energy's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, indicating ongoing negative sentiment towards the company's performance.
• Despite some recent upgrades and downgrades from various analysts, the average rating for Hallador Energy remains a "Moderate Buy" with a target price of $19.00.
• In insider trading, Director David C. Hardie sold 100,000 shares valued at approximately $1.95 million, significantly reducing their ownership stake in the company.

Hallador Energy (NASDAQ:HNRG - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

HNRG has been the subject of a number of other research reports. B. Riley downgraded shares of Hallador Energy from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $15.00 to $17.00 in a research note on Tuesday, August 12th. Wall Street Zen upgraded shares of Hallador Energy from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Citigroup downgraded shares of Hallador Energy to a "neutral" rating in a research note on Tuesday, August 12th. Finally, Zacks Research upgraded shares of Hallador Energy to a "strong-buy" rating in a research note on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Hallador Energy presently has an average rating of "Moderate Buy" and an average target price of $19.00.

Hallador Energy Stock Performance

Shares of HNRG stock opened at $19.82 on Wednesday. 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 fifty day moving average price of $17.93 and a 200 day moving average price of $16.25. The company has a market cap of $852.46 million, a P/E ratio of -3.97 and a beta of 0.39. Hallador Energy has a 12 month low of $8.13 and a 12 month high of $22.01.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its 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. The firm had revenue of $102.89 million during the quarter, compared to the consensus estimate of $91.73 million. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. Sell-side analysts predict that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, Director David C. Hardie sold 100,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $19.53, for a total value of $1,953,000.00. Following the sale, the director directly owned 21,072 shares in the company, valued at $411,536.16. This represents a 82.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles Ray Iv Wesley bought 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $15.27 per share, for a total transaction of $305,400.00. Following the transaction, the director owned 234,914 shares of the company's stock, valued at $3,587,136.78. The trade was a 9.31% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 372,062 shares of company stock worth $7,232,705 over the last 90 days. 23.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hallador Energy

A number of large investors have recently bought and sold shares of HNRG. Raymond James Financial Inc. purchased a new position in Hallador Energy during the second quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its stake in Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company's stock worth $34,000 after purchasing an additional 2,111 shares during the period. Ameritas Investment Partners Inc. raised its stake in Hallador Energy by 68.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company's stock worth $50,000 after purchasing an additional 1,283 shares during the period. Tower Research Capital LLC TRC raised its stake in Hallador Energy by 294.5% during the second 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 period. Finally, Pinnacle Holdings LLC raised its stake 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. Hedge funds and other 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.

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