Hallador Energy (NASDAQ:HNRG) Stock Price Down 6.4% – Should You Sell?

Hallador Energy Company (NASDAQ:HNRG)’s stock price traded down 6.4% during trading on Wednesday . The company traded as low as $17.94 and last traded at $17.8710. 190,294 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 340,305 shares. The stock had previously closed at $19.09.

Analyst Ratings Changes

Several research firms recently commented on HNRG. Industrial Alliance Securities set a $28.00 price target on Hallador Energy in a research report 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. 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 report on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Hallador Energy Trading Up 5.0%

The company has a quick ratio of 0.31, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average is $20.11 and its two-hundred day moving average is $18.56. The company has a market capitalization of $857.75 million, a PE ratio of -4.37 and a beta of 0.26.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Monday, November 10th. The energy company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.49. The firm had revenue of $146.85 million during the quarter, compared to analysts’ expectations of $110.92 million. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%. As a group, sell-side analysts predict that Hallador Energy Company will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Hallador Energy news, Director Charles Ray Iv Wesley purchased 20,000 shares of Hallador Energy stock in a transaction dated 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 completion of the transaction, the director owned 267,914 shares in the company, valued at approximately $4,776,906.62. This trade represents a 8.07% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 23.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. American Century Companies Inc. grew its holdings in Hallador Energy by 10.6% in the third quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock valued at $23,188,000 after purchasing an additional 113,547 shares during the period. Ameriprise Financial Inc. acquired a new stake in Hallador Energy during the second quarter worth about $18,735,000. Apis Capital Advisors LLC lifted its holdings in Hallador Energy by 3.4% in the third quarter. Apis Capital Advisors LLC now owns 854,000 shares of the energy company’s stock valued at $16,713,000 after acquiring an additional 28,000 shares during the last quarter. CenterBook Partners LP raised its holdings in Hallador Energy by 2,371.9% in the 2nd quarter. CenterBook Partners LP now owns 786,671 shares of the energy company’s stock valued at $12,453,000 after buying an additional 754,846 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Hallador Energy by 8.8% in the 2nd quarter. Geode Capital Management LLC now owns 759,770 shares of the energy company’s stock valued at $12,029,000 after purchasing an additional 61,666 shares during the last quarter. 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.