Hallador Energy (NASDAQ:HNRG) Stock Price Down 6.6% – Should You Sell?

Shares of Hallador Energy Company (NASDAQ:HNRG) traded down 6.6% during trading on Wednesday . The company traded as low as $19.02 and last traded at $19.0660. 110,789 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 660,943 shares. The stock had previously closed at $20.42.

Wall Street Analysts Forecast Growth

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

Hallador Energy Stock Down 13.1%

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.31. The company has a market capitalization of $777.76 million, a price-to-earnings ratio of -3.95 and a beta of 0.34. The firm’s fifty day moving average price is $20.59 and its 200-day moving average price is $18.29.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Monday, November 10th. The energy company reported $0.55 EPS for the quarter, topping 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 business had revenue of $146.85 million for the quarter, compared to the consensus estimate of $110.92 million. Sell-side analysts expect that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In other 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 directly owned 21,072 shares in the company, valued at $411,536.16. This represents a 82.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles Ray Iv Wesley bought 13,000 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were purchased at an average cost of $19.28 per share, with a total value of $250,640.00. Following the purchase, the director directly owned 247,914 shares of the company’s stock, valued at $4,779,781.92. The trade was a 5.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 372,062 shares of company stock valued at $7,232,705. 23.73% of the stock is owned by corporate insiders.

Institutional Trading of Hallador Energy

A number of large investors have recently bought and sold shares of HNRG. Raymond James Financial Inc. acquired a new position in shares of Hallador Energy in the 2nd quarter valued at about $27,000. State of Alaska Department of Revenue bought a new stake in Hallador Energy in the third quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its stake in 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 valued at $34,000 after buying an additional 2,111 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Hallador Energy by 68.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock worth $50,000 after buying an additional 1,283 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Hallador Energy by 294.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock worth $50,000 after buying an additional 2,374 shares in the last quarter. 61.38% of the stock is currently owned by institutional investors and hedge funds.

About Hallador Energy

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.