Hallador Energy (NASDAQ:HNRG) Shares Gap Up on Strong Earnings

Hallador Energy (NASDAQ:HNRG)’s share price gapped up before the market opened on Tuesday following a stronger than expected earnings report. The stock had previously closed at $15.19, but opened at $16.23. Hallador Energy shares last traded at $17.13, with a volume of 189,793 shares traded.

The energy company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.39. The firm had revenue of $117.79 million during the quarter, compared to the consensus estimate of $98.70 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%.

Analyst Ratings Changes

A number of brokerages have weighed in on HNRG. StockNews.com raised shares of Hallador Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. B. Riley upped their price target on Hallador Energy from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st.

Institutional Trading of Hallador Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its stake in Hallador Energy by 272.9% during the 3rd quarter. Barclays PLC now owns 33,131 shares of the energy company’s stock worth $312,000 after acquiring an additional 24,247 shares during the last quarter. Aspiriant LLC acquired a new position in shares of Hallador Energy in the 4th quarter valued at approximately $179,000. Bleakley Financial Group LLC bought a new stake in Hallador Energy during the 4th quarter worth approximately $171,000. Empowered Funds LLC raised its holdings in Hallador Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 233,185 shares of the energy company’s stock worth $2,670,000 after buying an additional 11,288 shares during the period. Finally, Savant Capital LLC lifted its stake in Hallador Energy by 9.1% in the fourth quarter. Savant Capital LLC now owns 24,717 shares of the energy company’s stock valued at $283,000 after buying an additional 2,055 shares in the last quarter. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Price Performance

The company has a market cap of $763.81 million, a P/E ratio of -32.38 and a beta of 0.42. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The company’s 50-day moving average price is $12.78 and its 200-day moving average price is $11.92.

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.