Hallador Energy (NASDAQ:HNRG) Hits New 12-Month Low - Here's What Happened

Key Points

• Hallador Energy shares hit a new 52-week low, falling to $11.38 before last trading at $11.66 on heavy volume. The stock is below its 50-day and 200-day moving averages.
• Analyst sentiment is mixed but has recently deteriorated, with several firms downgrading the stock to “sell” or “strong sell.” Despite this, the consensus rating remains “Moderate Buy,” with a $24.88 price target.
• The company’s latest quarterly results missed earnings expectations, reporting a loss of $0.32 per share versus a projected loss of $0.12, although revenue exceeded forecasts. Hedge funds and institutional investors own approximately 61.38% of the shares.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s share price reached a new 52-week low on Tuesday. The stock traded as low as $11.38 and last traded at $11.66, with a volume of 1,404,721 shares trading hands. The stock had previously closed at $11.71.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HNRG. Wall Street Zen lowered Hallador Energy from a "sell" rating to a "strong sell" rating in a report on Saturday, August 15th. Weiss Ratings cut Hallador Energy from a "hold (c-)" rating to a "sell (d-)" rating in a research note on Tuesday, August 18th. Northland Securities set a $27.00 price objective on Hallador Energy in a report on Tuesday, October 6th. Zacks Research lowered Hallador Energy from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 12th. Finally, Alliance Global Partners raised Hallador Energy to a "strong-buy" rating in a research report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $24.88.

Hallador Energy Stock Down 0.4%

The company has a current ratio of 0.72, a quick ratio of 0.24 and a debt-to-equity ratio of 0.21. The firm has a market cap of $549.65 million, a PE ratio of 585.50 and a beta of 0.45. The business's 50-day simple moving average is $15.03 and its 200 day simple moving average is $16.16.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. The business had revenue of $101.51 million during the quarter, compared to the consensus estimate of $90.33 million. As a group, equities research analysts expect that Hallador Energy Company will post -0.47 earnings per share for the current year.

Hedge Funds Weigh In On Hallador Energy

Several institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC bought a new position in Hallador Energy in the third quarter worth approximately $1,462,000. WealthPlan Investment Management LLC purchased a new stake in Hallador Energy during the third quarter worth $147,000. Byrne Asset Management LLC boosted its position in Hallador Energy by 23.5% during the 3rd quarter. Byrne Asset Management LLC now owns 9,620 shares of the energy company's stock valued at $130,000 after acquiring an additional 1,830 shares in the last quarter. Squarepoint Ops LLC boosted its position in Hallador Energy by 155.3% during the 2nd quarter. Squarepoint Ops LLC now owns 215,999 shares of the energy company's stock valued at $3,756,000 after acquiring an additional 131,390 shares in the last quarter. Finally, Value Aligned Research Advisors LLC bought a new stake in Hallador Energy during the 2nd quarter valued at $5,578,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

Hallador Energy Company Profile

Hallador Energy, Inc is an energy company focused primarily on the production and marketing of thermal coal. Through its subsidiary Sunrise Coal, the company operates mining properties in the Illinois Basin, with activities concentrated in southwestern Indiana. Its coal is sold mainly to electric utilities and other industrial customers for use in power generation.

Hallador's operations include the Oaktown and Carlisle mining complexes in Indiana, which produce coal for domestic energy markets.

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