Hallador Energy (NASDAQ:HNRG) Releases Earnings Results, Hits Expectations

Hallador Energy (NASDAQ:HNRG) announced its earnings results on Thursday. The energy company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01), FiscalAI reports. The firm had revenue of $101.94 million for the quarter, compared to the consensus estimate of $105.48 million. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%.

Hallador Energy Price Performance

NASDAQ HNRG traded up $0.41 on Thursday, hitting $19.33. 893,197 shares of the company’s stock were exchanged, compared to its average volume of 540,773. The stock has a 50-day moving average of $19.18 and a 200-day moving average of $19.41. The stock has a market cap of $847.23 million, a price-to-earnings ratio of -4.31 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 current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 0.02.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley purchased 20,000 shares of the stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of $17.83 per share, with a total value of $356,600.00. Following the acquisition, the director owned 267,914 shares of the company’s stock, valued at approximately $4,776,906.62. This represents a 8.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 23.73% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oxford Asset Management LLP acquired a new stake in shares of Hallador Energy in the 4th quarter valued at approximately $217,000. Millennium Management LLC lifted its stake in Hallador Energy by 16.0% in the 4th quarter. Millennium Management LLC now owns 609,318 shares of the energy company’s stock valued at $11,601,000 after purchasing an additional 84,238 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Hallador Energy in the fourth quarter valued at approximately $322,000. Cetera Investment Advisers acquired a new stake in Hallador Energy in the fourth quarter valued at approximately $243,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Hallador Energy during the fourth quarter worth $347,000. Institutional investors own 61.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HNRG shares. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a report on Thursday, January 22nd. Zacks Research lowered shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.67.

About Hallador Energy

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.