Hallador Energy (NASDAQ:HNRG) Announces Earnings Results, Beats Estimates By $0.49 EPS

Hallador Energy (NASDAQ:HNRG) issued its quarterly earnings data on Monday. The energy company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.49, Zacks reports. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%.The firm had revenue of $146.85 million during the quarter, compared to analyst estimates of $110.92 million.

Hallador Energy Stock Performance

HNRG opened at $23.20 on Wednesday. Hallador Energy has a 1-year low of $8.37 and a 1-year high of $24.70. The company has a market capitalization of $998.00 million, a price-to-earnings ratio of -4.67 and a beta of 0.44. The business has a 50 day moving average price of $19.55 and a two-hundred day moving average price of $17.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.26.

Analysts Set New Price Targets

A number of analysts recently issued reports on HNRG shares. Citigroup lowered shares of Hallador Energy to a “neutral” rating in a research note on Tuesday, August 12th. Alliance Global Partners reiterated a “buy” rating on shares of Hallador Energy in a report on Tuesday. Zacks Research lowered shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Wall Street Zen raised shares of Hallador Energy from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.25.

Insider Transactions at Hallador Energy

In related news, Director Charles Ray Iv Wesley acquired 20,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $15.27 per share, for a total transaction of $305,400.00. Following the purchase, the director owned 234,914 shares in the company, valued at $3,587,136.78. This represents a 9.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David C. Hardie sold 100,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $19.53, for a total transaction of $1,953,000.00. Following the completion of the sale, the director owned 21,072 shares of the company’s stock, valued at approximately $411,536.16. The trade was a 82.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 372,062 shares of company stock worth $7,232,705. 23.73% of the stock is owned by corporate insiders.

Institutional Trading of Hallador Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Hallador Energy by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock valued at $187,000 after purchasing an additional 624 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Hallador Energy in the 2nd quarter valued at approximately $27,000. AQR Capital Management LLC increased its position in Hallador Energy by 1.9% in the 1st quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock worth $1,271,000 after buying an additional 1,950 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Hallador Energy by 12.8% during the second quarter. Quantinno Capital Management LP now owns 18,529 shares of the energy company’s stock worth $293,000 after buying an additional 2,097 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Hallador Energy by 11,110.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after acquiring an additional 2,111 shares during the last quarter. 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.