Hallador Energy (NASDAQ:HNRG) Shares Gap Up – Here’s What Happened

Hallador Energy Company (NASDAQ:HNRG)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $18.55, but opened at $21.71. Hallador Energy shares last traded at $19.9370, with a volume of 399,561 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HNRG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. Jefferies Financial Group upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $23.00 to $27.00 in a research note on Friday, March 13th. Finally, Northland Securities increased their price target on shares of Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.63.

Hallador Energy Trading Up 2.0%

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.23. The business’s 50-day moving average is $16.90 and its 200 day moving average is $18.81. The firm has a market capitalization of $891.61 million, a P/E ratio of 19.71 and a beta of 0.16.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Wednesday, May 6th. The energy company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The business had revenue of $101.81 million for the quarter, compared to the consensus estimate of $102.28 million. Hallador Energy had a return on equity of 30.82% and a net margin of 8.92%. As a group, analysts anticipate that Hallador Energy Company will post 0.19 EPS for the current fiscal year.

Institutional Trading of Hallador Energy

Large investors have recently modified their holdings of the stock. Lubar & Co. Inc acquired a new position in Hallador Energy during the 4th quarter worth approximately $103,806,000. American Century Companies Inc. boosted its position 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 buying an additional 113,547 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Hallador Energy during the second quarter worth $18,735,000. Apis Capital Advisors LLC increased its holdings in shares of Hallador Energy by 7.0% during the fourth quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock worth $17,403,000 after buying an additional 60,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Hallador Energy by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 913,202 shares of the energy company’s stock valued at $17,387,000 after acquiring an additional 40,245 shares in the last quarter. 61.38% of the stock is owned by institutional investors and hedge funds.

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.