Investors Purchase High Volume of Hallador Energy Call Options (NASDAQ:HNRG)

Hallador Energy Company (NASDAQ:HNRG) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 3,273 call options on the stock. This represents an increase of 159% compared to the typical daily volume of 1,265 call options.

Insider Transactions at Hallador Energy

In other news, Director Charles Ray Iv Wesley acquired 20,000 shares of Hallador Energy stock in a transaction on Wednesday, December 17th. The stock was bought at an average price of $17.83 per share, for a total transaction of $356,600.00. Following the transaction, the director owned 267,914 shares of the company’s stock, valued at $4,776,906.62. The trade was a 8.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 23.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hallador Energy

A number of institutional investors have recently modified their holdings of HNRG. State of Alaska Department of Revenue acquired a new position in shares of Hallador Energy during the third quarter worth approximately $32,000. Raymond James Financial Inc. acquired a new stake in shares of Hallador Energy in the second quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its position in Hallador Energy by 11,110.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,111 shares during the last quarter. USA Financial Formulas acquired a new position in Hallador Energy during the 4th quarter worth $42,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in Hallador Energy by 68.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock worth $50,000 after buying an additional 1,283 shares in the last quarter. 61.38% of the stock is owned by institutional investors.

Hallador Energy Price Performance

Shares of HNRG traded down $1.38 on Wednesday, hitting $19.25. The company’s stock had a trading volume of 820,539 shares, compared to its average volume of 466,535. The company has a market capitalization of $843.51 million, a PE ratio of -4.29 and a beta of 0.26. Hallador Energy has a fifty-two week low of $8.37 and a fifty-two week high of $24.70. The company has a 50 day moving average price of $20.04 and a 200 day moving average price of $18.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.31.

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

Analyst Ratings Changes

HNRG has been the subject of a number of recent research reports. Wall Street Zen upgraded Hallador Energy from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a research note on Wednesday, October 8th. Industrial Alliance Securities set a $28.00 price objective on shares of Hallador Energy in a report on Tuesday, November 11th. Alliance Global Partners reiterated a “buy” rating on shares of Hallador Energy in a research report on Tuesday, November 11th. Finally, Zacks Research lowered shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.67.

Hallador Energy Company Profile

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.