Hallador Energy (NASDAQ:HNRG) Sets New 1-Year Low – Time to Sell?

Hallador Energy Company (NASDAQ:HNRG)’s share price reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $10.71 and last traded at $10.7130, with a volume of 320,077 shares trading hands. The stock had previously closed at $11.73.

Analysts Set New Price Targets

Several equities research analysts recently commented on HNRG shares. Alliance Global Partners raised Hallador Energy to a “strong-buy” rating in a report on Friday, August 14th. Northland Securities set a $27.00 price target on Hallador Energy in a research note on Tuesday, October 6th. Wall Street Zen cut Hallador Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Weiss Ratings downgraded Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th. Finally, Zacks Research cut Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Two equities 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 stock. Based on data from MarketBeat.com, Hallador Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.88.

Hallador Energy Trading Down 4.3%

The firm has a market capitalization of $528.91 million, a price-to-earnings ratio of 561.00 and a beta of 0.45. The firm’s 50 day moving average is $14.22 and its 200 day moving average is $16.57. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share 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 the consensus estimate of $90.33 million. Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. Equities analysts forecast that Hallador Energy Company will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On Hallador Energy

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Hallador Energy in the 2nd quarter worth approximately $49,594,000. Squarepoint Ops LLC raised its stake in Hallador Energy by 155.3% during the 2nd quarter. Squarepoint Ops LLC now owns 215,999 shares of the energy company’s stock valued at $3,756,000 after purchasing an additional 131,390 shares during the period. Galaxy Digital Inc. acquired a new stake in Hallador Energy during the 1st quarter valued at $1,628,000. JB Capital Partners LP acquired a new stake in Hallador Energy during the 2nd quarter valued at $2,782,400. Finally, Monashee Investment Management LLC purchased a new stake in shares of Hallador Energy in the first quarter valued at $1,465,000. 61.38% of the stock is owned by institutional investors.

About Hallador Energy

Hallador Energy Company (NASDAQ:HNRG) is an energy company focused primarily on the production and sale of thermal coal. Through its subsidiaries, the company operates coal mining assets in the Illinois Basin, supplying coal to electric power generators and other utility customers.

Hallador’s principal operations have included Sunrise Coal, which manages underground and surface mining activities in Indiana. The company’s coal products are used mainly for electricity generation, with sales serving utility markets in the Midwestern United States.

In addition to coal mining, Hallador has expanded into power generation through its ownership of the Merom Generating Station in Indiana.