Hallador Energy (NASDAQ:HNRG) Trading Down 7.1% – Should You Sell?

Shares of Hallador Energy Company (NASDAQ:HNRG) dropped 7.1% during trading on Monday . The stock traded as low as $18.23 and last traded at $18.0750. Approximately 95,032 shares traded hands during trading, a decline of 88% from the average daily volume of 806,256 shares. The stock had previously closed at $19.45.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HNRG. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $27.00 in a research report on Friday, March 13th. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Northland Securities increased their price target on shares of Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.62.

Hallador Energy Trading Down 4.2%

The stock has a market capitalization of $877.80 million, a P/E ratio of 35.10 and a beta of 0.22. The company has a fifty day simple moving average of $17.38 and a two-hundred day simple moving average of $18.31.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The business had revenue of $101.81 million during the quarter, compared to the consensus estimate of $102.28 million. Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. As a group, analysts forecast that Hallador Energy Company will post 0.16 earnings per share for the current fiscal year.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley bought 15,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was bought at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the transaction, the director owned 338,469 shares of the company’s stock, valued at approximately $5,649,047.61. The trade was a 4.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 17.43% of the company’s stock.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HNRG. Royal Bank of Canada boosted its position 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 worth $27,000 after purchasing an additional 679 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Hallador Energy in the 2nd quarter valued at $27,000. Summit Securities Group LLC acquired a new stake in Hallador Energy during the 1st quarter worth $31,000. EverSource Wealth Advisors LLC lifted its holdings in Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after acquiring an additional 2,111 shares in the last quarter. Finally, USA Financial Formulas bought a new position in Hallador Energy during the fourth quarter worth about $42,000. Institutional investors 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.