Insider Selling: Hallador Energy (NASDAQ:HNRG) Director Sells 8,770 Shares of Stock

Hallador Energy Company (NASDAQ:HNRG) Director David Hardie sold 8,770 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $19.08, for a total transaction of $167,331.60. Following the completion of the sale, the director owned 117,731 shares in the company, valued at $2,246,307.48. This represents a 6.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hallador Energy Trading Up 1.1%

Shares of HNRG stock opened at $19.12 on Friday. Hallador Energy Company has a 12-month low of $8.13 and a 12-month high of $22.01. The company has a current ratio of 0.67, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $17.38 and its 200 day moving average is $15.74. The stock has a market capitalization of $822.35 million, a P/E ratio of -3.83 and a beta of 0.45.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.34. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. The company had revenue of $102.89 million for the quarter, compared to analysts’ expectations of $91.73 million. Research analysts expect that Hallador Energy Company will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Jump Financial LLC purchased a new position in shares of Hallador Energy during the 1st quarter valued at $1,126,000. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 65,652 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Hallador Energy by 356.4% during the 1st quarter. Invesco Ltd. now owns 273,300 shares of the energy company’s stock valued at $3,356,000 after buying an additional 213,421 shares in the last quarter. Nuveen LLC purchased a new position in shares of Hallador Energy during the 1st quarter valued at $1,090,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Hallador Energy by 517.0% during the 4th quarter. BNP Paribas Financial Markets now owns 30,629 shares of the energy company’s stock valued at $351,000 after buying an additional 25,665 shares in the last quarter. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HNRG. Zacks Research upgraded shares of Hallador Energy to a “strong-buy” rating in a research note on Friday, September 12th. Citigroup cut shares of Hallador Energy to a “neutral” rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded shares of Hallador Energy from a “hold” rating to a “buy” rating in a research note on Saturday, September 6th. Finally, B. Riley cut shares of Hallador Energy from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $15.00 to $17.00 in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $19.00.

About Hallador Energy

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.