Hallador Energy (NASDAQ:HNRG) Hits New 52-Week Low - Here's Why

Key Points

• Hallador Energy shares fell 11.3%, reaching a new 52-week low of $13.08 and trading below both their 50-day and 200-day moving averages.
• The company reported a quarterly loss of $0.32 per share, missing the $0.12-loss consensus estimate, although revenue of $101.51 million exceeded expectations.
• Analyst sentiment is mixed, with ratings ranging from “strong sell” to “strong buy”; overall, MarketBeat reports a “Moderate Buy” consensus and an average price target of $24.88.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) reached a new 52-week low on Wednesday. The stock traded as low as $13.08 and last traded at $12.9720, with a volume of 44,779 shares trading hands. The stock had previously closed at $13.95.

Wall Street Analyst Weigh In

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

Hallador Energy Stock Down 11.3%

The stock has a market capitalization of $583.12 million, a P/E ratio of 621.30 and a beta of 0.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.24 and a current ratio of 0.72. The company's 50-day moving average price is $15.27 and its 200 day moving average price is $16.31.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC bought a new stake in Hallador Energy in the 1st quarter valued at $31,000. State of Wyoming purchased a new position in shares of Hallador Energy in the 2nd quarter worth approximately $32,000. Persistent Asset Partners Ltd bought a new position in shares of Hallador Energy during the 2nd quarter valued at approximately $42,000. Meeder Asset Management Inc. increased its position in shares of Hallador Energy by 71.0% during the 1st quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company's stock valued at $64,000 after purchasing an additional 1,631 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Hallador Energy by 18,664.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,380 shares of the energy company's stock valued at $121,000 after purchasing an additional 6,346 shares during the last quarter. 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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