Hallador Energy (NASDAQ:HNRG) Shares Up 8.6% – Here’s What Happened

Hallador Energy Company (NASDAQ:HNRG)’s share price shot up 8.6% on Thursday . The stock traded as high as $18.67 and last traded at $18.8050. 264,114 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 664,603 shares. The stock had previously closed at $17.31.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Hallador Energy from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Industrial Alliance Securities set a $28.00 price objective on shares of Hallador Energy in a research note on Tuesday, November 11th. Zacks Research upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Alliance Global Partners reiterated a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hallador Energy presently has an average rating of “Moderate Buy” and an average target price of $22.67.

Hallador Energy Price Performance

The stock has a market capitalization of $846.09 million, a P/E ratio of -4.31 and a beta of 0.34. The business has a fifty day simple moving average of $20.49 and a 200 day simple moving average of $18.30. The company has a current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 0.02.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Monday, November 10th. The energy company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.49. The business had revenue of $146.85 million during the quarter, compared to the consensus estimate of $110.92 million. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%. On average, analysts expect that Hallador Energy Company will post -0.31 earnings per share for the current year.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 100,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were 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 $411,536.16. This represents a 82.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles Ray Iv Wesley purchased 20,000 shares of the stock in a transaction on Wednesday, December 17th. The shares were acquired at an average cost of $17.83 per share, with a total value of $356,600.00. Following the transaction, the director directly owned 267,914 shares in the company, valued at $4,776,906.62. The trade was a 8.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 372,062 shares of company stock valued at $7,232,705 in the last three months. 23.73% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Hallador Energy by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company’s stock worth $20,797,000 after acquiring an additional 65,652 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Hallador Energy by 356.4% during the 1st quarter. Invesco Ltd. now owns 273,300 shares of the energy company’s stock valued at $3,356,000 after acquiring an additional 213,421 shares during the last quarter. Nuveen LLC bought a new stake in shares of Hallador Energy in the first quarter worth approximately $1,090,000. American Century Companies Inc. lifted its position in Hallador Energy by 16.4% during the first quarter. American Century Companies Inc. now owns 924,812 shares of the energy company’s stock valued at $11,357,000 after purchasing an additional 130,509 shares during the period. Finally, Jump Financial LLC bought a new position in Hallador Energy during the first quarter valued at approximately $1,126,000. Hedge funds and other institutional investors 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.