Hallador Energy (NASDAQ:HNRG) Stock Price Down 6.4% – Here’s Why

Hallador Energy Company (NASDAQ:HNRG)’s stock price traded down 6.4% during mid-day trading on Wednesday . The stock traded as low as $17.94 and last traded at $17.8710. 190,294 shares changed hands during trading, a decline of 44% from the average session volume of 340,305 shares. The stock had previously closed at $19.09.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HNRG shares. Industrial Alliance Securities set a $28.00 price objective on Hallador Energy in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a report on Wednesday, October 8th. Alliance Global Partners reiterated a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th. Zacks Research raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Finally, Wall Street Zen raised shares of Hallador Energy from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Hallador Energy has an average rating of “Moderate Buy” and an average price target of $22.67.

Hallador Energy Price Performance

The stock has a 50-day moving average price of $20.19 and a two-hundred day moving average price of $18.56. The stock has a market cap of $787.84 million, a price-to-earnings ratio of -4.01 and a beta of 0.26. The company has a current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 0.02.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Monday, November 10th. The energy company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.49. The business had revenue of $146.85 million for the quarter, compared to analyst estimates of $110.92 million. Hallador Energy had a positive return on equity of 33.97% and a negative net margin of 37.57%. As a group, equities research analysts forecast that Hallador Energy Company will post -0.31 EPS for the current year.

Insiders Place Their Bets

In other news, Director Charles Ray Iv Wesley acquired 20,000 shares of Hallador Energy stock in a transaction dated Wednesday, December 17th. The stock was purchased at an average cost of $17.83 per share, for a total transaction of $356,600.00. Following the completion of the purchase, the director directly owned 267,914 shares in the company, valued at $4,776,906.62. This trade represents a 8.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 23.73% of the company’s stock.

Institutional Trading of Hallador Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Hallador Energy in the second quarter worth $27,000. State of Alaska Department of Revenue acquired a new stake in Hallador Energy during the 3rd quarter worth about $32,000. EverSource Wealth Advisors LLC raised its stake in shares of Hallador Energy by 11,110.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after buying an additional 2,111 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Hallador Energy by 68.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock valued at $50,000 after buying an additional 1,283 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Hallador Energy by 294.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock valued at $50,000 after buying an additional 2,374 shares during the period. 61.38% of the stock is currently owned by institutional investors and hedge funds.

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.