Hallador Energy (NASDAQ:HNRG) Trading 8.6% Higher – Should You Buy?

Hallador Energy Company (NASDAQ:HNRG) shares were up 8.6% on Thursday . The company traded as high as $18.67 and last traded at $18.8050. Approximately 264,114 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 664,603 shares. The stock had previously closed at $17.31.

Analysts Set New Price Targets

A number of analysts have commented on HNRG shares. Alliance Global Partners reaffirmed a “buy” rating on shares of Hallador Energy in a research note on Tuesday, November 11th. Wall Street Zen upgraded shares of Hallador Energy from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Industrial Alliance Securities set a $28.00 target price on Hallador Energy in a research report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hallador Energy presently has an average rating of “Moderate Buy” and an average price target of $22.67.

Hallador Energy Stock Performance

The company has a market capitalization of $806.91 million, a P/E ratio of -4.11 and a beta of 0.34. The firm has a 50 day moving average price of $20.54 and a two-hundred day moving average price of $18.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.31 and a current ratio of 0.66.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Monday, November 10th. The energy company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.49. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%. The business had revenue of $146.85 million for the quarter, compared to analyst estimates of $110.92 million. On average, research analysts expect that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley acquired 13,000 shares of the business’s stock in a transaction on Friday, November 21st. The stock was purchased at an average price of $19.28 per share, for a total transaction of $250,640.00. Following the transaction, the director owned 247,914 shares in the company, valued at $4,779,781.92. This trade represents a 5.53% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David C. Hardie sold 100,000 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $19.53, for a total value of $1,953,000.00. Following the completion of the transaction, the director directly owned 21,072 shares in the company, valued at approximately $411,536.16. This represents a 82.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 372,062 shares of company stock valued at $7,232,705. Company insiders own 23.73% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HNRG. State of Alaska Department of Revenue acquired a new stake in Hallador Energy in the 3rd quarter valued at about $32,000. Raymond James Financial Inc. bought a new stake in shares of Hallador Energy during the second quarter valued at approximately $27,000. EverSource Wealth Advisors LLC increased its holdings in shares of Hallador Energy by 11,110.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after purchasing an additional 2,111 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Hallador Energy by 68.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock valued at $50,000 after purchasing an additional 1,283 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Hallador Energy by 294.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock worth $50,000 after purchasing an additional 2,374 shares during the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.