Hallador Energy (NASDAQ:HNRG) Stock Price Up 7.8% - Here's What Happened

Key Points

• Hallador Energy shares jumped 7.8% to about $15.03 in midday trading, although volume was roughly 53% below its average.
• Analyst sentiment is mixed: recent firms issued downgrades as severe as “strong sell,” while Alliance Global Partners upgraded the stock to “strong buy.” The overall consensus remains “Moderate Buy” with a $24.88 target price.
• The company missed quarterly EPS estimates, reporting a loss of $0.32 per share versus the expected $0.12 loss, despite revenue of $101.51 million exceeding forecasts.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s share price was up 7.8% on Tuesday. The stock traded as high as $15.06 and last traded at $15.0340. Approximately 373,100 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 787,389 shares. The stock had previously closed at $13.95.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HNRG. Zacks Research downgraded shares of Hallador Energy from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 12th. Wall Street Zen downgraded shares of Hallador Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 15th. Weiss Ratings cut Hallador Energy from a "hold (c-)" rating to a "sell (d-)" rating in a research note on Tuesday, August 18th. Northland Securities set a $27.00 price target on Hallador Energy in a report on Tuesday. Finally, Alliance Global Partners raised shares of Hallador Energy to a "strong-buy" rating in a research note on Friday, August 14th. Two 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. According to MarketBeat.com, Hallador Energy has a consensus rating of "Moderate Buy" and a consensus target price of $24.88.

Hallador Energy Stock Performance

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 has a market capitalization of $702.81 million, a PE ratio of 749.50 and a beta of 0.45. The company has a 50 day moving average price of $15.30 and a 200 day moving average price of $16.40.

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 analysts' consensus estimates of ($0.12) by ($0.20). The firm had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. Equities analysts forecast that Hallador Energy Company will post -0.29 EPS for the current year.

Insider Buying and Selling

In other news, Director Daniel Hudson purchased 5,000 shares of the company's stock in a transaction dated Thursday, July 9th. The shares were bought at an average price of $16.58 per share, with a total value of $82,900.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at $331,600. This trade represents a 33.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.43% of the company's stock.

Hedge Funds Weigh In On Hallador Energy

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Hallador Energy during the second quarter worth approximately $49,594,000. Squarepoint Ops LLC raised its stake in Hallador Energy by 155.3% during the second 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 in the last quarter. Galaxy Digital Inc. bought a new position in Hallador Energy in the 1st quarter valued at approximately $1,628,000. JB Capital Partners LP acquired a new stake in shares of Hallador Energy during the second quarter valued at about $2,782,400. Finally, Monashee Investment Management LLC acquired a new position in Hallador Energy during the 1st quarter worth about $1,465,000. Institutional investors own 61.38% of the company's stock.

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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