Hallador Energy (NASDAQ:HNRG) Shares Gap Up – Time to Buy?

Hallador Energy (NASDAQ:HNRG) shares gapped up before the market opened on Thursday . The stock had previously closed at $11.45, but opened at $11.85. Hallador Energy shares last traded at $11.84, with a volume of 60,634 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HNRG shares. Alliance Global Partners began coverage on shares of Hallador Energy in a research report on Monday, December 9th. They issued a “buy” rating and a $17.00 price objective on the stock. B. Riley increased their price target on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th.

Hallador Energy Price Performance

The firm has a 50-day moving average price of $11.60 and a 200 day moving average price of $9.05. The stock has a market capitalization of $502.88 million, a P/E ratio of -21.45 and a beta of 0.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.14. The company had revenue of $105.04 million during the quarter, compared to analysts’ expectations of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. During the same quarter in the prior year, the company earned $0.47 EPS. On average, analysts expect that Hallador Energy will post -0.31 EPS for the current year.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 44,699 shares of Hallador Energy stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $12.88, for a total value of $575,723.12. Following the transaction, the director now directly owns 2,130,423 shares of the company’s stock, valued at $27,439,848.24. The trade was a 2.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 104,524 shares of company stock worth $1,356,743 in the last ninety days. 32.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hallador Energy

A number of large investors have recently made changes to their positions in HNRG. CWM LLC raised its stake in Hallador Energy by 154.4% during the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after buying an additional 4,993 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Hallador Energy in the 2nd quarter worth about $78,000. Quantinno Capital Management LP bought a new position in Hallador Energy in the 3rd quarter worth about $96,000. Exchange Traded Concepts LLC raised its holdings in Hallador Energy by 66.4% in the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after buying an additional 4,132 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Hallador Energy in the third quarter worth $100,000. 61.38% of the stock is currently owned by institutional investors.

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.