Hallador Energy (NASDAQ:HNRG) Stock Price Down 6.6% – What’s Next?

Hallador Energy Company (NASDAQ:HNRG)’s stock price was down 6.6% on Wednesday . The company traded as low as $19.02 and last traded at $19.0660. Approximately 110,789 shares changed hands during trading, a decline of 83% from the average daily volume of 660,943 shares. The stock had previously closed at $20.42.

Analyst Upgrades and Downgrades

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

Hallador Energy Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.31. The stock has a 50-day moving average price of $20.59 and a 200-day moving average price of $18.29. The company has a market capitalization of $777.76 million, a price-to-earnings ratio of -3.95 and a beta of 0.34.

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

Insider Activity

In other news, Director David C. Hardie sold 100,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $19.53, for a total transaction of $1,953,000.00. Following the transaction, the director owned 21,072 shares in the company, valued at approximately $411,536.16. This trade represents a 82.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles Ray Iv Wesley purchased 13,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were purchased at an average cost of $19.28 per share, with a total value of $250,640.00. Following the completion of the acquisition, the director owned 247,914 shares in the company, valued at $4,779,781.92. The trade was a 5.53% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 372,062 shares of company stock worth $7,232,705. Insiders own 23.73% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HNRG. State of Alaska Department of Revenue acquired a new position in shares of Hallador Energy in the third quarter valued at about $32,000. Raymond James Financial Inc. acquired a new position in shares of Hallador Energy during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its holdings in shares of Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,111 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Hallador Energy by 68.0% in the second 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 in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Hallador Energy by 294.5% in the second 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. Institutional investors own 61.38% of the company’s stock.

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.