Hallador Energy (NASDAQ:HNRG) Sees Unusually-High Trading Volume – Here’s What Happened

Hallador Energy (NASDAQ:HNRG) shares saw an uptick in trading volume on Tuesday . 137,858 shares were traded during mid-day trading, a decline of 47% from the previous session’s volume of 259,912 shares.The stock last traded at $12.35 and had previously closed at $11.45.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Alliance Global Partners assumed coverage on Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 target price for the company. B. Riley raised their target price on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th.

Hallador Energy Trading Down 1.2 %

The business has a fifty day moving average of $11.77 and a 200-day moving average of $9.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. The company has a market capitalization of $516.94 million, a P/E ratio of -22.05 and a beta of 0.71.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.14. The firm had revenue of $105.04 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.47 earnings per share. Analysts anticipate that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In related news, Director David C. Hardie sold 18,775 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $13.02, for a total transaction of $244,450.50. Following the transaction, the director now directly owns 2,022,713 shares in the company, valued at approximately $26,335,723.26. The trade was a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 104,524 shares of company stock worth $1,356,743. Insiders own 32.30% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Empyrean Capital Partners LP bought a new stake in Hallador Energy during the second quarter worth $3,885,000. Taconic Capital Advisors LP purchased a new position in Hallador Energy in the 3rd quarter valued at approximately $4,147,000. B. Riley Wealth Advisors Inc. grew its position in shares of Hallador Energy by 3,171.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock valued at $2,923,000 after purchasing an additional 364,750 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Hallador Energy during the second quarter valued at about $2,197,000. Finally, Stifel Financial Corp increased its holdings in Hallador Energy by 959.7% during the 3rd quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock worth $2,499,000 after acquiring an additional 239,972 shares during the period. Hedge funds and other institutional investors own 61.38% of the company’s stock.

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.