Hallador Energy (NASDAQ:HNRG) Sets New 1-Year Low - Here's What Happened

Key Points

• Hallador Energy shares fell 4.5%, reaching a new 52-week low of $10.71 on Friday, well below its 50-day and 200-day moving averages.
• Analyst sentiment is mixed: the stock has a “Moderate Buy” consensus rating and an average price target of $24.88, despite several recent downgrades to “Sell” or “Strong Sell.”
• Hallador reported a quarterly loss of $0.32 per share, missing the $0.12 consensus estimate, although revenue of $101.51 million exceeded expectations.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s stock price hit a new 52-week low during trading on Friday. The company traded as low as $10.71 and last traded at $10.7130, with a volume of 320,077 shares changing hands. The stock had previously closed at $11.73.

Wall Street Analyst Weigh In

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

Hallador Energy Stock Down 4.5%

The firm's fifty day moving average is $14.30 and its 200-day moving average is $16.62. 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 stock has a market capitalization of $528.20 million, a P/E ratio of 557.50 and a beta of 0.45.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its 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). The business had revenue of $101.51 million for the quarter, compared to the consensus estimate of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. As a group, equities research analysts predict that Hallador Energy Company will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On Hallador Energy

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Hallador Energy in the second quarter valued at approximately $49,594,000. Squarepoint Ops LLC lifted its holdings in shares of Hallador Energy by 155.3% in the 2nd quarter. Squarepoint Ops LLC now owns 215,999 shares of the energy company's stock worth $3,756,000 after acquiring an additional 131,390 shares during the last quarter. Galaxy Digital Inc. purchased a new position in shares of Hallador Energy in the first quarter worth about $1,628,000. JB Capital Partners LP bought a new position in shares of Hallador Energy during the second quarter valued at about $2,782,400. Finally, Monashee Investment Management LLC bought a new stake in shares of Hallador Energy in the 1st quarter worth approximately $1,465,000. 61.38% of the stock is currently owned by institutional investors.

About Hallador Energy

Hallador Energy Company NASDAQ: HNRG is an energy company focused primarily on the production and sale of thermal coal. Through its subsidiaries, the company operates coal mining assets in the Illinois Basin, supplying coal to electric power generators and other utility customers.

Hallador's principal operations have included Sunrise Coal, which manages underground and surface mining activities in Indiana. The company's coal products are used mainly for electricity generation, with sales serving utility markets in the Midwestern United States.

In addition to coal mining, Hallador has expanded into power generation through its ownership of the Merom Generating Station in Indiana.

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