Stock Traders Buy Large Volume of Put Options on Hallador Energy (NASDAQ:HNRG)

Hallador Energy Company (NASDAQ:HNRG) saw some unusual options trading activity on Thursday. Traders acquired 16,827 put options on the company. This is an increase of 1,504% compared to the typical volume of 1,049 put options.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Hallador Energy by 1.9% during the 1st quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock valued at $1,271,000 after acquiring an additional 1,950 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 worth $187,000 after purchasing an additional 624 shares during the period. Millennium Management LLC increased its stake in Hallador Energy by 1,233.6% during the first quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock valued at $5,975,000 after purchasing an additional 450,049 shares during the last quarter. Empowered Funds LLC increased its stake in Hallador Energy by 5.5% during the first quarter. Empowered Funds LLC now owns 246,106 shares of the energy company’s stock valued at $3,022,000 after purchasing an additional 12,921 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Hallador Energy during the first quarter worth $807,000. Institutional investors own 61.38% of the company’s stock.

Wall Street Analysts Forecast Growth

HNRG has been the topic of a number of analyst reports. Wall Street Zen lowered Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday. Jefferies Financial Group assumed coverage on Hallador Energy in a report on Tuesday. They issued a “hold” rating and a $17.50 price target for the company. Zacks Research lowered Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $27.00 in a research report on Friday, March 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.88.

Hallador Energy Stock Up 4.3%

Shares of HNRG traded up $0.76 during midday trading on Thursday, hitting $18.39. The company had a trading volume of 1,722,586 shares, compared to its average volume of 661,601. The company’s 50 day moving average price is $18.69 and its 200 day moving average price is $19.43. The stock has a market cap of $864.70 million, a price-to-earnings ratio of 19.15 and a beta of 0.22. Hallador Energy has a 52 week low of $9.25 and a 52 week high of $24.70. 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 issued its quarterly earnings results on Thursday, March 12th. The energy company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $101.94 million for the quarter, compared to analysts’ expectations of $105.48 million. Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%. On average, equities research analysts predict that Hallador Energy will post -0.31 EPS for the current year.

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.