Hallador Energy Target of Unusually High Options Trading (NASDAQ:HNRG)

Hallador Energy Company (NASDAQ:HNRG) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 3,273 call options on the stock. This is an increase of 159% compared to the typical volume of 1,265 call options.

Hallador Energy Stock Performance

Shares of NASDAQ HNRG opened at $18.79 on Thursday. 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 firm has a market cap of $823.57 million, a price-to-earnings ratio of -4.19 and a beta of 0.26. The stock’s fifty day moving average price is $20.01 and its two-hundred day moving average price is $18.72. Hallador Energy has a one year low of $8.37 and a one year high of $24.70.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Monday, November 10th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $146.85 million during the quarter, compared to analysts’ expectations of $110.92 million. On average, equities analysts forecast that Hallador Energy will post -0.31 EPS for the current year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Charles Ray Iv Wesley purchased 20,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were purchased 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 of the company’s stock, valued at $4,776,906.62. The trade was a 8.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.73% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HNRG. USA Financial Formulas bought a new stake in shares of Hallador Energy in the fourth quarter valued at approximately $42,000. Byrne Asset Management LLC acquired a new position in Hallador Energy in the 4th quarter valued at $150,000. SG Americas Securities LLC raised its holdings in Hallador Energy by 54.9% in the 4th quarter. SG Americas Securities LLC now owns 25,046 shares of the energy company’s stock valued at $477,000 after acquiring an additional 8,881 shares in the last quarter. Value Aligned Research Advisors LLC lifted its position in shares of Hallador Energy by 1,038.2% during the 3rd quarter. Value Aligned Research Advisors LLC now owns 320,759 shares of the energy company’s stock valued at $6,277,000 after acquiring an additional 292,577 shares during the period. Finally, Cambria Investment Management L.P. grew its holdings in shares of Hallador Energy by 25.0% during the 3rd quarter. Cambria Investment Management L.P. now owns 38,986 shares of the energy company’s stock worth $763,000 after purchasing an additional 7,794 shares in the last quarter. 61.38% of the stock is owned by institutional investors.

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.