Hallador Energy (NASDAQ:HNRG) Shares Gap Down – Here’s Why

Hallador Energy Company (NASDAQ:HNRG)’s share price gapped down before the market opened on Friday . The stock had previously closed at $16.52, but opened at $15.77. Hallador Energy shares last traded at $15.6880, with a volume of 22,515 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HNRG. Weiss Ratings lowered shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th. Alliance Global Partners raised shares of Hallador Energy to a “strong-buy” rating in a report on Friday, August 14th. Zacks Research downgraded shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Wall Street Zen lowered shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Finally, Northland Securities set a $28.00 price objective on shares of Hallador Energy in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.12.

Hallador Energy Trading Down 0.2%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.24 and a current ratio of 0.72. The business’s 50 day moving average price is $15.87 and its 200-day moving average price is $16.88. The firm has a market cap of $733.73 million, a price-to-earnings ratio of 777.80 and a beta of 0.31.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.20). The firm had revenue of $101.51 million during the quarter, compared to the consensus estimate of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. Equities analysts expect that Hallador Energy Company will post -0.29 EPS for the current year.

Insider Activity at Hallador Energy

In other news, Director Daniel Hudson bought 10,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was bought at an average price of $16.94 per share, for a total transaction of $169,400.00. Following the transaction, the director owned 15,000 shares in the company, valued at $254,100. The trade was a 200.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ray Wesley purchased 15,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average price of $16.69 per share, with a total value of $250,350.00. Following the completion of the acquisition, the director directly owned 338,469 shares in the company, valued at approximately $5,649,047.61. The trade was a 4.64% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 35,000 shares of company stock valued at $589,170. Insiders own 17.43% of the company’s stock.

Institutional Trading of Hallador Energy

Several institutional investors have recently added to or reduced their stakes in HNRG. BlackRock Inc. acquired a new position in shares of Hallador Energy in the 2nd quarter valued at about $49,594,000. Ameriprise Financial Inc. bought a new stake in shares of Hallador Energy during the 2nd quarter valued at about $18,735,000. Dimensional Fund Advisors LP raised its stake in Hallador Energy by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company’s stock worth $16,658,000 after acquiring an additional 109,781 shares during the period. Apis Capital Advisors LLC raised its stake in 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 acquiring an additional 60,000 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Hallador Energy by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 825,105 shares of the energy company’s stock worth $15,714,000 after acquiring an additional 40,980 shares during the last quarter. Institutional investors own 61.38% of the company’s stock.

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.