Hallador Energy (NASDAQ:HNRG) Sets New 12-Month High – Here’s What Happened

Hallador Energy (NASDAQ:HNRG) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.27 and last traded at $14.47, with a volume of 1812 shares. The stock had previously closed at $14.66.

Analyst Ratings Changes

A number of research firms have recently commented on HNRG. B. Riley boosted their price target on shares of Hallador Energy from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st. StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research report on Monday.

Hallador Energy Price Performance

The business’s fifty day moving average price is $12.32 and its 200-day moving average price is $11.76. The company has a market capitalization of $643.35 million, a P/E ratio of -27.22 and a beta of 0.42. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Monday, March 17th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $94.80 million during the quarter, compared to analysts’ expectations of $102.46 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. As a group, sell-side analysts predict that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hallador Energy

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in Hallador Energy by 1,391.0% during the first quarter. GAMMA Investing LLC now owns 6,128 shares of the energy company’s stock valued at $750,000 after buying an additional 5,717 shares during the period. Legal & General Group Plc lifted its stake in shares of Hallador Energy by 23.5% in the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock valued at $86,000 after acquiring an additional 1,435 shares during the last quarter. XTX Topco Ltd purchased a new stake in Hallador Energy during the 4th quarter valued at about $121,000. Quantinno Capital Management LP grew its position in Hallador Energy by 17.0% during the 4th quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company’s stock worth $136,000 after acquiring an additional 1,729 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Hallador Energy by 32.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 13,569 shares of the energy company’s stock worth $167,000 after purchasing an additional 3,330 shares during the period. 61.38% of the stock is currently owned by institutional investors.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.