Hallador Energy (NASDAQ:HNRG) Shares Gap Down – Here’s Why

Hallador Energy Company (NASDAQ:HNRG)’s share price gapped down before the market opened on Friday . The stock had previously closed at $16.52, but opened at $15.77. Hallador Energy shares last traded at $15.6880, with a volume of 22,515 shares.

Wall Street Analysts Forecast Growth

HNRG has been the topic of several analyst reports. Zacks Research cut Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Alliance Global Partners upgraded Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Weiss Ratings cut Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, August 18th. Wall Street Zen downgraded shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Finally, Northland Securities set a $28.00 price objective on shares of Hallador Energy in a report on Tuesday, August 11th. Two 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.12.

Hallador Energy Stock Down 0.2%

The stock has a fifty day moving average of $15.87 and a two-hundred day moving average of $16.88. 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 stock has a market cap of $733.73 million, a price-to-earnings ratio of 777.80 and a beta of 0.31.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%.The firm had revenue of $101.51 million during the quarter, compared to analysts’ expectations of $90.33 million. As a group, analysts predict that Hallador Energy Company will post -0.29 EPS for the current fiscal year.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director Ray Wesley purchased 15,000 shares of Hallador Energy 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 completion of the transaction, the director directly owned 338,469 shares in the company, valued at approximately $5,649,047.61. This represents a 4.64% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel Hudson acquired 10,000 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were acquired at an average price of $16.94 per share, with a total value of $169,400.00. Following the completion of the purchase, the director owned 15,000 shares of the company’s stock, valued at $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 purchased 35,000 shares of company stock worth $589,170 in the last 90 days. 17.43% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hallador Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC boosted its position in Hallador Energy by 155.3% during the 2nd quarter. Squarepoint Ops LLC now owns 215,999 shares of the energy company’s stock worth $3,756,000 after purchasing an additional 131,390 shares during the period. Value Aligned Research Advisors LLC purchased a new position in Hallador Energy in the second quarter valued at about $5,578,000. Bank of America Corp DE acquired a new position in shares of Hallador Energy during the second quarter worth about $1,056,000. Jupiter Topco LLC acquired a new position in shares of Hallador Energy during the second quarter worth about $294,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Hallador Energy in the second quarter worth about $264,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

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.