Hallador Energy (NASDAQ:HNRG) Shares Up 7.8% – Time to Buy?

Hallador Energy Company (NASDAQ:HNRG)’s stock price shot up 7.8% during mid-day trading on Tuesday. The stock traded as high as $15.06 and last traded at $15.0340. Approximately 373,100 shares changed hands during trading, a decline of 53% from the average daily volume of 787,389 shares. The stock had previously closed at $13.95.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HNRG shares. Wall Street Zen downgraded shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Northland Securities set a $27.00 target price on shares of Hallador Energy in a report on Tuesday. Zacks Research lowered shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Alliance Global Partners raised Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Finally, Weiss Ratings cut Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hallador Energy presently has an average rating of “Moderate Buy” and an average price target of $24.88.

Hallador Energy Price Performance

The company has a market capitalization of $702.81 million, a price-to-earnings ratio of 749.50 and a beta of 0.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.72 and a quick ratio of 0.24. The stock has a fifty day simple moving average of $15.30 and a 200-day simple moving average of $16.40.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). The business had revenue of $101.51 million for the quarter, compared to analysts’ expectations of $90.33 million. Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. On average, equities research analysts anticipate that Hallador Energy Company will post -0.29 EPS for the current year.

Insider Transactions at Hallador Energy

In other Hallador Energy news, Director Daniel Hudson bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were purchased at an average price of $16.58 per share, with a total value of $82,900.00. Following the completion of the acquisition, the director directly owned 20,000 shares of the company’s stock, valued at $331,600. This represents a 33.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 17.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hallador Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HNRG. Byrne Asset Management LLC increased its stake in shares of Hallador Energy by 23.5% during the 3rd quarter. Byrne Asset Management LLC now owns 9,620 shares of the energy company’s stock valued at $130,000 after acquiring an additional 1,830 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Hallador Energy by 155.3% in the second quarter. Squarepoint Ops LLC now owns 215,999 shares of the energy company’s stock worth $3,756,000 after acquiring an additional 131,390 shares in the last quarter. Value Aligned Research Advisors LLC acquired a new position in shares of Hallador Energy during the 2nd quarter valued at $5,578,000. Bank of America Corp DE purchased a new position in Hallador Energy in the 2nd quarter worth approximately $1,056,000. Finally, Jupiter Topco LLC acquired a new position in Hallador Energy in the 2nd quarter worth $294,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy, Inc is an energy company focused primarily on the production and marketing of thermal coal. Through its subsidiary Sunrise Coal, the company operates mining properties in the Illinois Basin, with activities concentrated in southwestern Indiana. Its coal is sold mainly to electric utilities and other industrial customers for use in power generation.

Hallador’s operations include the Oaktown and Carlisle mining complexes in Indiana, which produce coal for domestic energy markets.