Hallador Energy (NASDAQ:HNRG) Reaches 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 $13.88 and last traded at $13.37, with a volume of 43948 shares trading hands. The stock had previously closed at $13.34.

Analysts Set New Price Targets

HNRG has been the topic of several recent research reports. StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th. B. Riley lifted their price target on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Hallador Energy Price Performance

The stock’s fifty day moving average price is $10.23 and its two-hundred day moving average price is $8.23. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.14. The business had revenue of $105.04 million for the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. During the same period in the previous year, the firm earned $0.47 EPS. Equities research analysts expect that Hallador Energy will post -0.31 earnings per share for the current year.

Insider Buying and Selling at Hallador Energy

In related news, Director Charles Ray Iv Wesley bought 25,000 shares of the stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $5.97 per share, for a total transaction of $149,250.00. Following the purchase, the director now owns 184,302 shares of the company’s stock, valued at approximately $1,100,282.94. The trade was a 15.69 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David C. Hardie sold 44,699 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $12.88, for a total transaction of $575,723.12. Following the transaction, the director now directly owns 2,130,423 shares of the company’s stock, valued at $27,439,848.24. The trade was a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,196 shares of company stock worth $1,079,078. Insiders own 32.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company purchased a new position in shares of Hallador Energy during the second quarter valued at about $78,000. CWM LLC grew its holdings in shares of Hallador Energy by 154.4% in the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock worth $78,000 after purchasing an additional 4,993 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Hallador Energy in the 3rd quarter worth $96,000. Exchange Traded Concepts LLC increased its holdings in Hallador Energy by 66.4% during the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock valued at $98,000 after buying an additional 4,132 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Hallador Energy during the third quarter valued at about $100,000. 61.38% of the stock is currently owned by institutional investors.

Hallador Energy Company Profile

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.