Hallador Energy (NASDAQ:HNRG) Shares Down 7.1% – Here’s What Happened

by · The Markets Daily

Shares of Hallador Energy Company (NASDAQ:HNRGGet Free Report) fell 7.1% 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 session volume of 806,256 shares. The stock had previously closed at $19.45.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on Hallador Energy

Hallador Energy Stock Performance

The stock has a market cap of $835.61 million, a price-to-earnings ratio of 33.45 and a beta of 0.22. The business’s 50 day moving average is $17.51 and its 200-day moving average is $18.29.

Hallador Energy (NASDAQ:HNRGGet Free Report) last released its earnings results on Wednesday, May 6th. The energy company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The company had revenue of $101.81 million for the quarter, compared to analysts’ expectations of $102.28 million. Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%. Sell-side analysts anticipate that Hallador Energy Company will post 0.16 EPS for the current fiscal year.

Insider Activity at Hallador Energy

In other news, Director Charles Ray Iv Wesley bought 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.43% of the stock is owned by insiders.

Institutional Trading of Hallador Energy

Large investors have recently made changes to their positions in the company. Lubar & Co. Inc acquired a new stake in shares of Hallador Energy in the fourth quarter valued at about $103,806,000. Ameriprise Financial Inc. purchased a new position in shares of Hallador Energy in the second quarter worth about $18,735,000. Empyrean Capital Partners LP acquired a new position in Hallador Energy during the first quarter worth about $8,140,000. Millennium Management LLC boosted its position in Hallador Energy by 1,745.5% during the third quarter. Millennium Management LLC now owns 525,080 shares of the energy company’s stock worth $10,276,000 after acquiring an additional 496,628 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in Hallador Energy by 1,720.9% during the 4th quarter. Deutsche Bank AG now owns 405,277 shares of the energy company’s stock valued at $7,716,000 after acquiring an additional 383,020 shares in the last quarter. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

About Hallador Energy

(Get Free Report)

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.

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