Hallador Energy (NASDAQ:HNRG) Shares Up 4.2% - Should You Buy?

Key Points

• Hallador Energy shares rose 4.2% to $14.51 in Monday’s trading, although volume was 71% below the stock’s average session volume.
• Analyst sentiment is mixed: recent ratings range from “strong sell” to “strong buy,” while MarketBeat lists an overall “Moderate Buy” rating and an average price target of $24.88.
• The company missed quarterly EPS expectations, reporting a loss of $0.32 per share versus the projected $0.12 loss, despite revenue exceeding estimates; analysts expect a full-year loss of $0.47 per share.

Shares of Hallador Energy Company (NASDAQ:HNRG - Get Free Report) shot up 4.2% during mid-day trading on Monday. The stock traded as high as $14.56 and last traded at $14.51. 230,367 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 805,679 shares. The stock had previously closed at $13.92.

Analyst Ratings Changes

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

Hallador Energy Price Performance

The company has a market capitalization of $700.36 million, a P/E ratio of 742.75 and a beta of 0.45. The business's 50-day moving average is $15.30 and its two-hundred day moving average is $16.35. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $101.51 million during the quarter, compared to analysts' expectations of $90.33 million. As a group, analysts predict that Hallador Energy Company will post -0.47 earnings per share for the current year.

Institutional Trading of Hallador Energy

Several hedge funds have recently added to or reduced their stakes in the stock. Levin Capital Strategies L.P. raised its stake in shares of Hallador Energy by 2.1% during the 1st quarter. Levin Capital Strategies L.P. now owns 43,208 shares of the energy company's stock valued at $703,000 after purchasing an additional 900 shares during the period. Meeder Asset Management Inc. boosted its stake in Hallador Energy by 71.0% in the 1st quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company's stock worth $64,000 after purchasing an additional 1,631 shares during the period. Byrne Asset Management LLC grew its holdings 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 buying an additional 1,830 shares in the last quarter. State of Wyoming purchased a new position in Hallador Energy during the 2nd quarter valued at about $32,000. Finally, Summit Securities Group LLC bought a new stake in shares of Hallador Energy during the first quarter valued at about $31,000. Institutional investors own 61.38% of the company's stock.

About Hallador Energy

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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