Hallador Energy (NASDAQ:HNRG) Trading Down 4.4% – Should You Sell?

Hallador Energy Company (NASDAQ:HNRG) dropped 4.4% during trading on Thursday . The stock traded as low as $15.55 and last traded at $15.6360. Approximately 304,888 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 797,579 shares. The stock had previously closed at $16.35.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Northland Securities set a $28.00 price target on shares of Hallador Energy in a research note on Tuesday, August 11th. Weiss Ratings cut shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, August 18th. Wall Street Zen downgraded shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Zacks Research cut shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Finally, Alliance Global Partners raised shares of Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.12.

Hallador Energy Price Performance

The stock has a market cap of $739.96 million, a price-to-earnings ratio of 786.25 and a beta of 0.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.24 and a current ratio of 0.72. The company has a 50-day simple moving average of $15.97 and a two-hundred day simple moving average of $16.99.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. The company had revenue of $101.51 million during the quarter, compared to analyst estimates of $90.33 million. As a group, equities research analysts forecast that Hallador Energy Company will post -0.09 EPS for the current year.

Insider Buying and Selling at Hallador Energy

In other news, Director Charles Ray Iv Wesley purchased 15,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was purchased at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the purchase, the director directly owned 338,469 shares in the company, valued at $5,649,047.61. The trade was a 4.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Timothy Hudson acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was purchased at an average cost of $16.58 per share, with a total value of $82,900.00. Following the transaction, the director owned 20,000 shares in the company, valued at approximately $331,600. This trade represents a 33.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 35,000 shares of company stock worth $589,170 over the last ninety days. Insiders own 17.43% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of HNRG. Lubar & Co. Inc acquired a new position in Hallador Energy during the fourth quarter worth approximately $103,806,000. BlackRock Inc. acquired a new stake in shares of Hallador Energy in the second quarter valued at approximately $49,594,000. Ameriprise Financial Inc. bought a new position in shares of Hallador Energy during the 2nd quarter worth approximately $18,735,000. Dimensional Fund Advisors LP boosted its stake in shares of Hallador Energy by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company’s stock worth $16,658,000 after acquiring an additional 109,781 shares during the period. Finally, Apis Capital Advisors LLC increased its holdings in shares of Hallador Energy by 7.0% during the 4th quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock worth $17,403,000 after acquiring an additional 60,000 shares during the last quarter. 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.