Hallador Energy (NASDAQ:HNRG) Trading Down 7.5% – Time to Sell?

Hallador Energy Company (NASDAQ:HNRG) shares traded down 7.5% during trading on Monday . The stock traded as low as $16.08 and last traded at $15.8250. 1,202,773 shares traded hands during mid-day trading, an increase of 103% from the average session volume of 591,108 shares. The stock had previously closed at $17.10.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research cut Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a report on Thursday, January 22nd. Wall Street Zen cut Hallador Energy from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $27.00 in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Hallador Energy Stock Performance

The stock’s 50-day moving average price is $19.14 and its 200 day moving average price is $19.45. The firm has a market cap of $733.98 million, a P/E ratio of 16.28 and a beta of 0.22. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.23.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Thursday, March 12th. The energy company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%. The business had revenue of $101.94 million during the quarter, compared to the consensus estimate of $105.48 million. As a group, equities analysts predict that Hallador Energy Company will post -0.31 EPS for the current year.

Insider Buying and Selling at Hallador Energy

In related news, Director Charles Ray Iv Wesley acquired 20,000 shares of the firm’s stock in a transaction dated 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 acquisition, the director directly owned 267,914 shares of the company’s stock, valued at approximately $4,776,906.62. The trade was a 8.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 23.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in Hallador Energy by 92.5% in the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 679 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Hallador Energy during the 3rd quarter worth approximately $32,000. Raymond James Financial Inc. acquired a new stake in shares of Hallador Energy in the 2nd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 valued at $34,000 after buying an additional 2,111 shares during the last quarter. Finally, USA Financial Formulas bought a new position in shares of Hallador Energy in the fourth quarter valued at $42,000. 61.38% of the stock is owned by institutional investors and hedge funds.

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.