Hallador Energy (NASDAQ:HNRG) Shares Gap Down – Time to Sell?

Hallador Energy Company (NASDAQ:HNRG)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $20.62, but opened at $19.10. Hallador Energy shares last traded at $19.5850, with a volume of 334,617 shares trading hands.

Analyst Upgrades and Downgrades

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

Hallador Energy Trading Down 7.0%

The company has a 50 day moving average of $20.04 and a 200 day moving average of $18.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.31 and a current ratio of 0.66. The stock has a market capitalization of $840.35 million, a price-to-earnings ratio of -4.29 and a beta of 0.26.

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

Insiders Place Their Bets

In related news, Director Charles Ray Iv Wesley purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was acquired at an average cost of $17.83 per share, for a total transaction of $356,600.00. Following the completion of the transaction, the director directly owned 267,914 shares of the company’s stock, valued at approximately $4,776,906.62. This trade represents a 8.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 23.73% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hallador Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HNRG. Raymond James Financial Inc. acquired a new position in shares of Hallador Energy in the 2nd quarter valued at $27,000. State of Alaska Department of Revenue purchased a new stake in Hallador Energy in the 3rd quarter valued at about $32,000. EverSource Wealth Advisors LLC raised its holdings 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 valued at $34,000 after buying an additional 2,111 shares during the period. USA Financial Formulas acquired a new position in Hallador Energy in the fourth quarter valued at about $42,000. Finally, Ameritas Investment Partners Inc. boosted its stake in Hallador Energy by 68.0% during the second 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 during the period. Institutional investors and hedge funds own 61.38% of the company’s stock.

About Hallador Energy

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.