Hallador Energy (NASDAQ:HNRG) Hits New 1-Year Low – Should You Sell?

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

Wall Street Analyst Weigh In

HNRG has been the topic of a number of analyst reports. Weiss Ratings upgraded Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Wall Street Zen raised Hallador Energy from a “strong sell” rating to a “sell” rating in a 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 assigned a Hold rating to the stock. According to data from MarketBeat, Hallador Energy has an average rating of “Moderate Buy” and a consensus price target of $26.62.

Hallador Energy Stock Down 3.9%

The company’s 50-day moving average is $17.18 and its two-hundred day moving average is $17.69. The company has a market capitalization of $688.57 million, a P/E ratio of 27.57 and a beta of 0.24.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share 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 company had revenue of $101.81 million during the quarter, compared to analysts’ expectations of $102.28 million. On average, sell-side analysts predict that Hallador Energy Company will post 0.16 EPS for the current year.

Insider Transactions at Hallador Energy

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

Institutional Trading of Hallador Energy

A number of hedge funds have recently bought and sold shares of the company. Lubar & Co. Inc bought a new position in Hallador Energy during the fourth quarter valued at approximately $103,806,000. Ameriprise Financial Inc. bought a new stake in shares of Hallador Energy in the 2nd quarter worth approximately $18,735,000. Dimensional Fund Advisors LP boosted its stake in shares of Hallador Energy by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company’s stock valued at $16,658,000 after purchasing an additional 109,781 shares in the last quarter. Apis Capital Advisors LLC boosted its stake in shares of Hallador Energy by 7.0% in the 4th quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock valued at $17,403,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Hallador Energy by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 825,105 shares of the energy company’s stock valued at $15,714,000 after purchasing an additional 40,980 shares during the last quarter. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Company Profile

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.