Hallador Energy (NASDAQ:HNRG) Trading Down 4.4% - What's Next?

Key Points

• Hallador Energy shares fell 4.4% to about $15.64 in mid-day trading, while trading volume was 62% below the average daily level.
• Analyst opinions remain mixed: the stock has an overall “Moderate Buy” rating and an average $25.12 price target, but several firms recently downgraded it to “Sell” or “Strong Sell.”
• The company missed quarterly EPS estimates, reporting a loss of $0.32 per share versus expectations of a $0.12 loss, although revenue of $101.51 million exceeded forecasts. Insiders bought 35,000 shares worth roughly $589,170 over the past three months.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s share price dropped 4.4% during mid-day trading on Thursday . The company traded as low as $15.55 and last traded at $15.6360. 304,888 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 797,579 shares. The stock had previously closed at $16.35.

Wall Street Analyst Weigh In

HNRG has been the topic of a number of research analyst reports. Zacks Research lowered 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 note on Saturday, August 15th. Weiss Ratings lowered shares of Hallador Energy from a "hold (c-)" rating to a "sell (d-)" rating in a research report on Tuesday, August 18th. Northland Securities set a $28.00 price target on shares of Hallador Energy in a research note on Tuesday, August 11th. Finally, Alliance Global Partners raised shares of Hallador Energy to a "strong-buy" rating in a report on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $25.12.

Hallador Energy Trading Down 4.0%

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 $739.96 million, a price-to-earnings ratio of 786.25 and a beta of 0.31. The business's 50-day simple moving average is $15.97 and its 200-day simple moving average is $16.99.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly 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). Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%.The business had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.33 million. On average, research analysts expect that Hallador Energy Company will post -0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Charles Ray Iv Wesley bought 15,000 shares of the firm's stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of $16.69 per share, for a total transaction of $250,350.00. Following the transaction, the director owned 338,469 shares of the company's stock, valued at $5,649,047.61. This represents a 4.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel Timothy Hudson purchased 10,000 shares of the stock in a transaction dated Monday, June 29th. The stock was bought at an average cost of $16.94 per share, with a total value of $169,400.00. Following the completion of the purchase, the director owned 15,000 shares in the company, valued at $254,100. The trade was a 200.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 35,000 shares of company stock worth $589,170. 17.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hallador Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company's stock worth $187,000 after acquiring an additional 624 shares during the period. Royal Bank of Canada raised its stake in shares of Hallador Energy by 92.5% in the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company's stock valued at $27,000 after purchasing an additional 679 shares during the period. Levin Capital Strategies L.P. raised its stake in shares of Hallador Energy by 2.1% in 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. lifted its holdings in shares of Hallador Energy by 71.0% in the first quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company's stock valued at $64,000 after purchasing an additional 1,631 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Hallador Energy during the second quarter worth about $27,000. Institutional investors and hedge funds own 61.38% of the company's stock.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company's primary business activities center on the production and sale of bituminous thermal coal. Hallador's operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.

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