Hallador Energy (NASDAQ:HNRG) Trading 8.8% Higher – Time to Buy?

Hallador Energy Company (NASDAQ:HNRG) was up 8.8% during mid-day trading on Monday . The company traded as high as $16.02 and last traded at $16.0650. Approximately 1,302,069 shares traded hands during mid-day trading, an increase of 61% from the average daily volume of 807,019 shares. The stock had previously closed at $14.76.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HNRG shares. Northland Securities set a $28.00 price objective on shares of Hallador Energy in a research note on Tuesday. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hallador Energy in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Hallador Energy has an average rating of “Moderate Buy” and a consensus target price of $25.12.

Hallador Energy Stock Down 1.5%

The stock has a market capitalization of $737.11 million, a price-to-earnings ratio of 782.00 and a beta of 0.25. The company’s 50-day simple moving average is $16.42 and its 200 day simple moving average is $17.34.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). The company had revenue of $101.51 million during the quarter, compared to analyst estimates of $90.33 million. Hallador Energy had a negative return on equity of 0.53% and a negative net margin of 0.20%. On average, equities analysts expect that Hallador Energy Company will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel Timothy Hudson bought 10,000 shares of Hallador Energy stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average cost of $16.94 per share, for a total transaction of $169,400.00. Following the acquisition, the director owned 15,000 shares in the company, valued at $254,100. This trade represents a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles Ray Iv Wesley bought 15,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average cost of $16.69 per share, with a total value of $250,350.00. Following the transaction, the director directly owned 338,469 shares of the company’s stock, valued at approximately $5,649,047.61. This trade represents a 4.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 35,000 shares of company stock worth $589,170 over the last three months. 17.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HNRG. AQR Capital Management LLC lifted its position in Hallador Energy by 1.9% during the 1st quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock worth $1,271,000 after acquiring an additional 1,950 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 during the last quarter. Millennium Management LLC increased its stake in shares of Hallador Energy by 1,233.6% in the first quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock worth $5,975,000 after purchasing an additional 450,049 shares during the period. Empowered Funds LLC increased its stake in shares of Hallador Energy by 5.5% in the first quarter. Empowered Funds LLC now owns 246,106 shares of the energy company’s stock worth $3,022,000 after purchasing an additional 12,921 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Hallador Energy during the 1st quarter worth about $807,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Hallador Energy Company Profile

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.