Hallador Energy (NASDAQ:HNRG) Stock Falls 7.6% - What's Next?

Key Points

• Hallador Energy shares fell 7.6% to about $13.68, with trading volume roughly 62% below average.
• Analyst views are mixed: the consensus rating is “Moderate Buy” with an average price target of $24.88, despite recent downgrades to “strong sell” and a new $27 target from Northland Securities.
• The company’s latest quarter missed earnings expectations, reporting a loss of $0.32 per share versus the expected loss of $0.12, although revenue of $101.51 million exceeded estimates.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) was down 7.6% during trading on Wednesday. The stock traded as low as $13.82 and last traded at $13.6790. Approximately 296,682 shares changed hands during trading, a decline of 62% from the average session volume of 787,536 shares. The stock had previously closed at $14.81.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HNRG shares. Northland Securities set a $27.00 price target on shares of Hallador Energy in a research report on Tuesday. Wall Street Zen downgraded shares of Hallador Energy from a "sell" rating to a "strong sell" rating in a report on Saturday, August 15th. Alliance Global Partners upgraded shares of Hallador Energy to a "strong-buy" rating in a research note on Friday, August 14th. Zacks Research downgraded Hallador Energy from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings lowered Hallador Energy from a "hold (c-)" rating to a "sell (d-)" rating in a report on Tuesday, August 18th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.88.

Hallador Energy Trading Down 9.3%

The firm's 50 day moving average is $15.31 and its 200 day moving average is $16.39. The company has a market cap of $633.41 million, a PE ratio of 675.00 and a beta of 0.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.72 and a quick ratio of 0.24.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $101.51 million during the quarter, compared to analysts' expectations of $90.33 million. On average, equities analysts anticipate that Hallador Energy Company will post -0.29 earnings per share for the current year.

Insider Buying and Selling

In other Hallador Energy news, Director Daniel Hudson bought 5,000 shares of the firm's stock in a transaction on Thursday, July 9th. The shares were acquired at an average cost of $16.58 per share, for a total transaction of $82,900.00. Following the purchase, the director directly owned 20,000 shares of the company's stock, valued at $331,600. The trade was a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Summit Securities Group LLC purchased a new position in Hallador Energy in the 1st quarter worth approximately $31,000. State of Wyoming purchased a new stake in shares of Hallador Energy during the 2nd quarter valued at $32,000. Persistent Asset Partners Ltd purchased a new stake in shares of Hallador Energy during the 2nd quarter valued at $42,000. Meeder Asset Management Inc. lifted its holdings 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 worth $64,000 after acquiring an additional 1,631 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Hallador Energy by 14,726.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,041 shares of the energy company's stock worth $96,000 after acquiring an additional 5,007 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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