Hallador Energy (NASDAQ:HNRG) Trading 5.5% Higher – Time to Buy?

Hallador Energy (NASDAQ:HNRG) shares shot up 5.5% during mid-day trading on Wednesday . The company traded as high as $13.93 and last traded at $13.92. 227,067 shares were traded during trading, a decline of 59% from the average session volume of 547,538 shares. The stock had previously closed at $13.19.

Analyst Upgrades and Downgrades

HNRG has been the topic of several analyst reports. 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 report on Tuesday, April 1st. StockNews.com raised shares of Hallador Energy from a “sell” rating to a “hold” rating in a report on Monday, April 7th.

Hallador Energy Trading Up 2.8 %

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 stock has a 50 day moving average of $11.36 and a 200 day moving average of $11.34. The firm has a market cap of $612.44 million, a P/E ratio of -26.13 and a beta of 0.18.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Monday, March 17th. The energy company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The business had revenue of $94.80 million for the quarter, compared to analysts’ expectations of $102.46 million. As a group, equities research analysts predict that Hallador Energy will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Hallador Energy

Several institutional investors have recently bought and sold shares of HNRG. Legal & General Group Plc grew its holdings in shares of Hallador Energy by 23.5% in the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock worth $86,000 after purchasing an additional 1,435 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Hallador Energy during the fourth quarter worth about $121,000. Quantinno Capital Management LP increased its holdings in Hallador Energy by 17.0% during the 4th quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company’s stock valued at $136,000 after purchasing an additional 1,729 shares during the period. Intech Investment Management LLC bought a new stake in shares of Hallador Energy in the 4th quarter worth approximately $156,000. Finally, Sage Investment Counsel LLC bought a new stake in shares of Hallador Energy in the 4th quarter worth approximately $160,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

Hallador Energy Company Profile

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.