Hallador Energy (NASDAQ:HNRG) Sets New 52-Week Low - What's Next?

Key Points

• Hallador Energy shares fell 4.4% to a new 52-week low of $13.46, below both their 50-day and 200-day moving averages. The stock has a market capitalization of approximately $625 million.
• Analyst opinions are mixed, with ratings ranging from “strong sell” to “strong buy,” but the consensus remains “Moderate Buy” with an average price target of $25.12.
• The company’s latest quarterly results missed expectations on earnings, reporting a loss of $0.32 per share versus the expected loss of $0.12, despite revenue exceeding estimates. Institutional investors own 61.38% of the stock, while insiders own 17.43%.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday. The company traded as low as $13.46 and last traded at $13.34, with a volume of 25345 shares trading hands. The stock had previously closed at $13.87.

Analysts Set New Price Targets

Several research firms have issued reports on HNRG. Wall Street Zen lowered shares of Hallador Energy from a "sell" rating to a "strong sell" rating in a report on Saturday, August 15th. Zacks Research downgraded Hallador Energy from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 12th. Alliance Global Partners upgraded Hallador Energy to a "strong-buy" rating in a report on Friday, August 14th. Northland Securities set a $28.00 price objective on Hallador Energy in a research report on Tuesday, August 11th. Finally, Weiss Ratings downgraded Hallador Energy from a "hold (c-)" rating to a "sell (d-)" rating in a research note on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $25.12.

Hallador Energy Stock Down 4.4%

The stock has a market capitalization of $625.16 million, a PE ratio of 663.50 and a beta of 0.31. 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 company's 50-day moving average is $15.41 and its 200 day moving average is $16.47.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its earnings results on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.20). The company had revenue of $101.51 million during the quarter, compared to analyst estimates of $90.33 million. Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. As a group, analysts anticipate that Hallador Energy Company will post -0.29 EPS for the current year.

Insider Activity at Hallador Energy

In related news, Director Daniel Hudson acquired 5,000 shares of the company's stock in a transaction dated Thursday, July 9th. The shares were purchased at an average cost of $16.58 per share, with a total value of $82,900.00. Following the completion of the acquisition, the director directly owned 20,000 shares of the company's stock, valued at $331,600. This represents a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.43% of the company's stock.

Hedge Funds Weigh In On Hallador Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Hallador Energy during the 2nd quarter valued at about $49,594,000. Squarepoint Ops LLC raised its stake in shares of Hallador Energy by 155.3% in the second quarter. Squarepoint Ops LLC now owns 215,999 shares of the energy company's stock worth $3,756,000 after purchasing 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 acquired a new stake in shares of Hallador Energy during the second quarter worth about $2,782,400. Finally, Monashee Investment Management LLC acquired a new stake in shares of Hallador Energy during the first quarter worth about $1,465,000. Hedge funds and other institutional investors own 61.38% of the company's stock.

About Hallador Energy

Hallador Energy Company NASDAQ: HNRG is an energy company focused primarily on coal production and electricity generation. Through its Sunrise Coal subsidiary, the company operates mining properties in Indiana's portion of the Illinois Basin and supplies thermal coal to electric power producers.

Hallador's principal mining operations include the Oaktown Mining Complex and related properties in southwestern Indiana. Its coal is used as fuel for utility-scale power generation, with sales primarily serving customers in the regional Midwest power market.

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