Hallador Energy (NASDAQ:HNRG) Announces Earnings Results

Hallador Energy (NASDAQ:HNRG) issued its earnings results on Monday. The energy company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.20), Zacks reports. Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%.The company had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.33 million.

Hallador Energy Trading Up 7.6%

HNRG traded up $1.12 on Monday, hitting $15.88. The company had a trading volume of 2,301,668 shares, compared to its average volume of 813,902. The company’s fifty day moving average price is $16.54 and its 200 day moving average price is $17.40. Hallador Energy has a 1 year low of $13.65 and a 1 year high of $24.70. The firm has a market cap of $748.42 million, a P/E ratio of 29.96 and a beta of 0.26.

Insider Activity

In related news, Director Daniel Timothy Hudson purchased 10,000 shares of the company’s stock in a transaction on Monday, June 29th. The stock was acquired at an average cost of $16.94 per share, for a total transaction of $169,400.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at approximately $254,100. The trade was a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles Ray Iv Wesley purchased 15,000 shares of Hallador Energy stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the purchase, the director directly owned 338,469 shares in the company, valued at approximately $5,649,047.61. This trade represents a 4.64% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 35,000 shares of company stock valued at $589,170. 17.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HNRG. Ameriprise Financial Inc. acquired a new stake in shares of Hallador Energy in the second quarter valued at $18,735,000. Millennium Management LLC grew its holdings in Hallador Energy by 1,745.5% during the 3rd quarter. Millennium Management LLC now owns 525,080 shares of the energy company’s stock worth $10,276,000 after acquiring an additional 496,628 shares in the last quarter. Deutsche Bank AG increased its position in shares of Hallador Energy by 1,720.9% in the 4th quarter. Deutsche Bank AG now owns 405,277 shares of the energy company’s stock valued at $7,716,000 after purchasing an additional 383,020 shares during the last quarter. Value Aligned Research Advisors LLC grew its stake in shares of Hallador Energy by 1,038.2% during the third quarter. Value Aligned Research Advisors LLC now owns 320,759 shares of the energy company’s stock worth $6,277,000 after purchasing an additional 292,577 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Hallador Energy by 1,893.5% in the second quarter. JPMorgan Chase & Co. now owns 244,878 shares of the energy company’s stock valued at $3,876,000 after buying an additional 232,594 shares in the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HNRG. Weiss Ratings reissued a “hold (c-)” rating on shares of Hallador Energy in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.62.

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.