Hallador Energy (NASDAQ:HNRG) Director Sells $1,493,508.24 in Stock

Hallador Energy Company (NASDAQ:HNRG) Director David Hardie sold 77,868 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $19.18, for a total transaction of $1,493,508.24. Following the transaction, the director owned 89,518 shares of the company’s stock, valued at approximately $1,716,955.24. This represents a 46.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hallador Energy Stock Up 1.9%

Shares of NASDAQ:HNRG opened at $19.95 on Thursday. The company has a fifty day moving average of $17.65 and a 200-day moving average of $16.00. The company has a market capitalization of $858.05 million, a PE ratio of -4.00 and a beta of 0.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.67. Hallador Energy Company has a 52-week low of $8.13 and a 52-week high of $22.01.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.34. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. The company had revenue of $102.89 million during the quarter, compared to the consensus estimate of $91.73 million. On average, equities analysts predict that Hallador Energy Company will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Hallador Energy

Several large investors have recently modified their holdings of the company. Squarepoint Ops LLC increased its position in shares of Hallador Energy by 241.1% during the second quarter. Squarepoint Ops LLC now owns 94,355 shares of the energy company’s stock worth $1,494,000 after buying an additional 66,691 shares during the period. Hudson Bay Capital Management LP acquired a new stake in Hallador Energy during the 2nd quarter worth about $1,426,000. Caxton Associates LLP acquired a new stake in Hallador Energy during the second quarter worth approximately $261,000. Tower Research Capital LLC TRC grew its stake in Hallador Energy by 294.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock worth $50,000 after purchasing an additional 2,374 shares during the period. Finally, Oxford Asset Management LLP acquired a new stake in Hallador Energy during the second quarter worth approximately $212,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HNRG shares. Zacks Research raised Hallador Energy to a “strong-buy” rating in a research note on Friday, September 12th. B. Riley cut shares of Hallador Energy from a “buy” rating to a “neutral” rating and upped their price target for the company from $15.00 to $17.00 in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Hallador Energy from a “hold” rating to a “buy” rating in a research report on Saturday, September 6th. Finally, Citigroup cut shares of Hallador Energy to a “neutral” rating in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Hallador Energy currently has an average rating of “Buy” and a consensus price target of $19.00.

About Hallador Energy

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.