Hallador Energy (NASDAQ:HNRG) Reaches New 12-Month High – Time to Buy?

Hallador Energy (NASDAQ:HNRG)’s stock price reached a new 52-week high on Monday . The stock traded as high as $15.99 and last traded at $15.39, with a volume of 2207 shares changing hands. The stock had previously closed at $15.31.

Analyst Upgrades and Downgrades

HNRG has been the topic of several recent analyst reports. B. Riley upped their price objective on shares of Hallador Energy from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, April 1st. StockNews.com cut shares of Hallador Energy from a “hold” rating to a “sell” rating in a research note on Monday, May 5th.

Hallador Energy Price Performance

The stock has a market capitalization of $652.38 million, a price-to-earnings ratio of -27.60 and a beta of 0.42. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The stock’s 50 day simple moving average is $12.66 and its 200-day simple moving average is $11.89.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Monday, March 17th. The energy company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $94.80 million for the quarter, compared to analysts’ expectations of $102.46 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. On average, analysts expect that Hallador Energy will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Hallador Energy

Large investors have recently bought and sold shares of the stock. CenterBook Partners LP purchased a new position in shares of Hallador Energy in the first quarter worth approximately $391,000. Vanguard Group Inc. increased its position in Hallador Energy by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company’s stock valued at $20,797,000 after purchasing an additional 65,652 shares during the period. Exchange Traded Concepts LLC grew its stake in Hallador Energy by 32.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 13,569 shares of the energy company’s stock worth $167,000 after buying an additional 3,330 shares during the last quarter. Pullen Investment Management LLC acquired a new stake in Hallador Energy during the 1st quarter worth about $184,000. Finally, SummerHaven Investment Management LLC raised its position in Hallador Energy by 1.3% during the first quarter. SummerHaven Investment Management LLC now owns 106,750 shares of the energy company’s stock worth $1,311,000 after acquiring an additional 1,340 shares during the period. 61.38% of the stock is owned by hedge funds and other institutional investors.

Hallador Energy Company Profile

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.