Hallador Energy (NASDAQ:HNRG) Stock Price Down 4.4% – What’s Next?

Hallador Energy Company (NASDAQ:HNRG)’s stock price was down 4.4% during trading on Thursday . The stock traded as low as $15.55 and last traded at $15.6360. 304,888 shares changed hands during trading, a decline of 62% from the average session volume of 797,579 shares. The stock had previously closed at $16.35.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HNRG shares. Wall Street Zen downgraded Hallador Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Weiss Ratings lowered shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Alliance Global Partners upgraded Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Zacks Research lowered Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Finally, Northland Securities set a $28.00 price objective on Hallador Energy in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.12.

Hallador Energy Stock Up 3.0%

The stock has a market cap of $782.52 million, a PE ratio of 830.00 and a beta of 0.31. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $15.91 and a 200 day moving average of $16.96.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). The company had revenue of $101.51 million during the quarter, compared to analysts’ expectations of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. On average, equities research analysts anticipate that Hallador Energy Company will post -0.09 EPS for the current fiscal year.

Insider Activity

In other news, Director Ray Wesley purchased 15,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was acquired 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. This represents a 4.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel Hudson purchased 10,000 shares of Hallador Energy stock in a transaction on Monday, June 29th. The shares were acquired at an average cost of $16.94 per share, for a total transaction of $169,400.00. Following the purchase, the director owned 15,000 shares in the company, valued at approximately $254,100. This trade represents a 200.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 35,000 shares of company stock worth $589,170 over the last 90 days. 17.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HNRG. Lubar & Co. Inc purchased a new stake in shares of Hallador Energy during the fourth quarter valued at approximately $103,806,000. BlackRock Inc. bought a new stake in shares of Hallador Energy in the 2nd quarter worth about $49,594,000. Ameriprise Financial Inc. acquired a new stake in shares of Hallador Energy in the 2nd quarter valued at about $18,735,000. Deutsche Bank AG acquired a new stake in shares of Hallador Energy in the 2nd quarter valued at about $13,534,000. Finally, Empyrean Capital Partners LP bought a new stake in Hallador Energy in the first quarter valued at about $8,140,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

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.