Hallador Energy (NASDAQ:HNRG) Shares Gap Down – Should You Sell?

Hallador Energy Company (NASDAQ:HNRG)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $20.62, but opened at $19.10. Hallador Energy shares last traded at $19.5850, with a volume of 334,617 shares.

Analyst Ratings Changes

HNRG has been the topic of a number of research analyst reports. Industrial Alliance Securities set a $28.00 price target on Hallador Energy in a research note on Tuesday, November 11th. Wall Street Zen raised shares of Hallador Energy from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Alliance Global Partners reiterated a “buy” rating on shares of Hallador Energy in a research report on Tuesday, November 11th. Zacks Research downgraded shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed 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 assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $22.67.

Hallador Energy Price Performance

The stock has a market cap of $885.80 million, a PE ratio of -4.51 and a beta of 0.26. The stock’s fifty day moving average is $19.99 and its 200-day moving average is $18.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.31.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Monday, November 10th. The energy company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.49. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%. The company had revenue of $146.85 million for the quarter, compared to analyst estimates of $110.92 million. As a group, equities analysts anticipate that Hallador Energy Company will post -0.31 EPS for the current year.

Insider Buying and Selling

In other Hallador Energy news, Director Charles Ray Iv Wesley acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average cost of $17.83 per share, for a total transaction of $356,600.00. Following the completion of the transaction, the director owned 267,914 shares of the company’s stock, valued at approximately $4,776,906.62. The trade was a 8.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.73% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

Several large investors have recently modified their holdings of HNRG. State of Alaska Department of Revenue acquired a new stake in shares of Hallador Energy during the 3rd quarter worth about $32,000. Raymond James Financial Inc. purchased a new position in Hallador Energy during the second quarter worth about $27,000. EverSource Wealth Advisors LLC increased its position in shares of Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after acquiring an additional 2,111 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Hallador Energy in the 4th quarter valued at approximately $42,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Hallador Energy by 68.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock worth $50,000 after acquiring an additional 1,283 shares during the last quarter. 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.