Hallador Energy (NASDAQ:HNRG) Shares Gap Up – Should You Buy?

Hallador Energy Company (NASDAQ:HNRG)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $17.63, but opened at $18.74. Hallador Energy shares last traded at $19.4550, with a volume of 1,037,436 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. B. Riley Financial raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $27.00 in a research note on Friday, March 13th. Wall Street Zen lowered shares of Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hallador Energy in a research report on Thursday, January 22nd. Jefferies Financial Group started coverage on shares of Hallador Energy in a report on Tuesday. They set a “hold” rating and a $17.50 price objective on the stock. Finally, Zacks Research downgraded shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Hallador Energy currently has a consensus rating of “Hold” and an average target price of $23.88.

Hallador Energy Stock Performance

The firm’s 50 day moving average is $18.69 and its 200 day moving average is $19.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.23 and a current ratio of 0.81. The stock has a market cap of $863.29 million, a P/E ratio of 19.16 and a beta of 0.22.

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

Institutional Investors Weigh In On Hallador Energy

A number of large investors have recently modified their holdings of HNRG. Royal Bank of Canada increased its holdings in shares of Hallador Energy by 92.5% during the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 679 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Hallador Energy in the 2nd quarter valued at approximately $27,000. State of Alaska Department of Revenue acquired a new stake in Hallador Energy in the 3rd quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew its position in Hallador Energy by 11,110.5% during 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. Finally, USA Financial Formulas purchased a new stake in Hallador Energy during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

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.