Hallador Energy (NASDAQ:HNRG) Reaches New 52-Week Low – Here’s What Happened

Hallador Energy Company (NASDAQ:HNRG) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $14.65 and last traded at $14.8550, with a volume of 238693 shares changing hands. The stock had previously closed at $15.24.

Wall Street Analyst Weigh In

HNRG has been the topic of several recent research reports. Weiss Ratings raised shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Wall Street Zen raised Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.62.

Hallador Energy Stock Down 1.9%

The stock has a market capitalization of $704.59 million, a price-to-earnings ratio of 28.25 and a beta of 0.24. The business’s 50 day simple moving average is $17.31 and its 200-day simple moving average is $17.74.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. The firm had revenue of $101.81 million during the quarter, compared to the consensus estimate of $102.28 million. On average, analysts expect that Hallador Energy Company will post 0.16 earnings per share for the current year.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director Daniel Timothy Hudson bought 5,000 shares of the stock in a transaction on Thursday, July 9th. The stock was purchased at an average price of $16.58 per share, with a total value of $82,900.00. Following the completion of the purchase, the director owned 20,000 shares in the company, valued at $331,600. The trade was a 33.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles Ray Iv Wesley purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average cost of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the acquisition, the director directly owned 338,469 shares in the company, valued at $5,649,047.61. The trade was a 4.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 35,000 shares of company stock valued at $589,170. 17.43% of the stock is owned by corporate insiders.

Institutional Trading of Hallador Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 buying an additional 624 shares in the last quarter. Royal Bank of Canada increased its holdings in Hallador Energy by 92.5% in the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after purchasing an additional 679 shares in the last quarter. Levin Capital Strategies L.P. increased its holdings in 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 worth $703,000 after purchasing an additional 900 shares in the last quarter. Meeder Asset Management Inc. raised its position in 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 during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Hallador Energy in the second quarter valued at about $27,000. Institutional investors 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.