Hallador Energy (NASDAQ:HNRG) Hits New 52-Week Low – Here’s Why

Hallador Energy Company (NASDAQ:HNRG)’s share price hit a new 52-week low during trading on Wednesday. The stock traded as low as $13.08 and last traded at $12.9720, with a volume of 44,779 shares changing hands. The stock had previously closed at $13.95.

Wall Street Analysts Forecast Growth

HNRG has been the subject of several research analyst reports. Weiss Ratings downgraded Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Wall Street Zen cut shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Alliance Global Partners raised shares of Hallador Energy to a “strong-buy” rating in a research note on Friday, August 14th. Zacks Research lowered shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Finally, Northland Securities set a $27.00 price objective on shares of Hallador Energy in a research report on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.88.

Hallador Energy Stock Performance

The stock has a market cap of $583.12 million, a PE ratio of 621.30 and a beta of 0.45. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average price of $15.27 and a 200 day moving average price of $16.31.

Hallador Energy (NASDAQ:HNRG) last released 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). Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. The firm had revenue of $101.51 million during the quarter, compared to the consensus estimate of $90.33 million. As a group, research analysts forecast that Hallador Energy Company will post -0.47 earnings per share for the current year.

Hedge Funds Weigh In On Hallador Energy

Institutional investors have recently bought and sold shares of the business. Summit Securities Group LLC bought a new position in Hallador Energy in the first quarter worth approximately $31,000. State of Wyoming bought a new stake in Hallador Energy during the 2nd quarter valued at $32,000. Persistent Asset Partners Ltd purchased a new position in shares of Hallador Energy in the 2nd quarter valued at $42,000. Meeder Asset Management Inc. increased its holdings in shares of Hallador Energy by 71.0% in the 1st quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company’s stock valued at $64,000 after acquiring an additional 1,631 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Hallador Energy by 18,664.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,380 shares of the energy company’s stock worth $121,000 after acquiring an additional 6,346 shares in the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.

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.