Hallador Energy (NASDAQ:HNRG) Hits New 12-Month Low – Here’s What Happened

Hallador Energy Company (NASDAQ:HNRG)’s share price reached a new 52-week low on Tuesday. The stock traded as low as $11.38 and last traded at $11.66, with a volume of 1,404,721 shares trading hands. The stock had previously closed at $11.71.

Analyst Ratings Changes

A number of analysts recently issued reports on HNRG shares. Weiss Ratings lowered Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, August 18th. Zacks Research downgraded Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Alliance Global Partners raised Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Northland Securities set a $27.00 target price on Hallador Energy in a research report on Tuesday, October 6th. Finally, Wall Street Zen cut Hallador Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.88.

Hallador Energy Stock Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 0.72 and a quick ratio of 0.24. The firm has a market cap of $539.75 million, a price-to-earnings ratio of 572.50 and a beta of 0.45. The firm has a fifty day simple moving average of $14.86 and a two-hundred day simple moving average of $16.10.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). The business had revenue of $101.51 million for the quarter, compared to analysts’ expectations of $90.33 million. Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. On average, analysts expect that Hallador Energy Company will post -0.47 EPS for the current year.

Institutional Trading of Hallador Energy

Large investors have recently bought and sold shares of the stock. Levin Capital Strategies L.P. increased its stake in Hallador Energy by 2.1% during the 1st quarter. Levin Capital Strategies L.P. now owns 43,208 shares of the energy company’s stock valued at $703,000 after purchasing an additional 900 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Hallador Energy by 71.0% in the first quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company’s stock worth $64,000 after buying an additional 1,631 shares during the last quarter. Byrne Asset Management LLC lifted its stake in shares of Hallador Energy by 23.5% during the third quarter. Byrne Asset Management LLC now owns 9,620 shares of the energy company’s stock worth $130,000 after buying an additional 1,830 shares during the period. State of Wyoming acquired a new stake in shares of Hallador Energy during the second quarter worth $32,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Hallador Energy during the first quarter worth $31,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy Company (NASDAQ:HNRG) is an energy company focused primarily on the production and sale of thermal coal. Through its subsidiaries, the company operates coal mining assets in the Illinois Basin, supplying coal to electric power generators and other utility customers.

Hallador’s principal operations have included Sunrise Coal, which manages underground and surface mining activities in Indiana. The company’s coal products are used mainly for electricity generation, with sales serving utility markets in the Midwestern United States.

In addition to coal mining, Hallador has expanded into power generation through its ownership of the Merom Generating Station in Indiana.