Hallador Energy (NASDAQ:HNRG) Trading Down 7.5% – Here’s What Happened

Hallador Energy Company (NASDAQ:HNRG) fell 7.5% on Monday . The stock traded as low as $16.08 and last traded at $15.8250. 1,202,773 shares traded hands during trading, an increase of 103% from the average session volume of 591,108 shares. The stock had previously closed at $17.10.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HNRG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $27.00 in a research note on Friday, March 13th. Wall Street Zen cut Hallador Energy from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research downgraded Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hallador Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Hallador Energy Trading Down 2.0%

The business’s 50 day simple moving average is $19.03 and its two-hundred day simple moving average is $19.45. The stock has a market cap of $772.07 million, a P/E ratio of 17.10 and a beta of 0.22. The company has a quick ratio of 0.23, a current ratio of 0.81 and a debt-to-equity ratio of 0.19.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Thursday, March 12th. The energy company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Hallador Energy had a return on equity of 30.82% and a net margin of 8.92%.The company had revenue of $101.94 million during the quarter, compared to analysts’ expectations of $105.48 million. As a group, analysts expect that Hallador Energy Company will post -0.31 EPS for the current year.

Institutional Trading of Hallador Energy

A number of hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its stake in shares of Hallador Energy by 18,664.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,380 shares of the energy company’s stock valued at $121,000 after buying an additional 6,346 shares during the period. Oxford Asset Management LLP bought a new position in Hallador Energy in the 4th quarter valued at approximately $217,000. Millennium Management LLC boosted its position in Hallador Energy by 16.0% during the 4th quarter. Millennium Management LLC now owns 609,318 shares of the energy company’s stock worth $11,601,000 after buying an additional 84,238 shares during the period. Janus Henderson Group PLC acquired a new stake in Hallador Energy during the 4th quarter worth approximately $322,000. Finally, Apis Capital Advisors LLC grew its holdings in Hallador Energy by 7.0% during the 4th quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock worth $17,403,000 after acquiring an additional 60,000 shares during the last quarter. 61.38% of the stock is owned by institutional investors and hedge funds.

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.