Hallador Energy (NASDAQ:HNRG) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Hallador Energy Company (NASDAQ:HNRG) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $16.59 and traded as high as $22.14. Hallador Energy shares last traded at $20.92, with a volume of 379,684 shares traded.

Analysts Set New Price Targets

HNRG has been the subject of several analyst reports. B. Riley downgraded Hallador Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $15.00 to $17.00 in a research note on Tuesday, August 12th. Wall Street Zen raised Hallador Energy from a “hold” rating to a “buy” rating in a research report on Saturday, September 6th. Zacks Research downgraded shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research note on Wednesday, October 8th. Finally, Citigroup lowered shares of Hallador Energy to a “neutral” rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hallador Energy has a consensus rating of “Hold” and a consensus price target of $19.00.

Hallador Energy Price Performance

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 business’s fifty day moving average is $18.24 and its 200 day moving average is $16.59. The company has a market cap of $899.77 million, a P/E ratio of -4.19 and a beta of 0.39.

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

Insider Transactions at Hallador Energy

In related news, Director David C. Hardie sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $19.53, for a total value of $1,953,000.00. Following the sale, the director directly owned 21,072 shares in the company, valued at approximately $411,536.16. The trade was a 82.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles Ray Iv Wesley acquired 20,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average cost of $15.27 per share, for a total transaction of $305,400.00. Following the completion of the acquisition, the director owned 234,914 shares of the company’s stock, valued at approximately $3,587,136.78. The trade was a 9.31% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 372,062 shares of company stock worth $7,232,705 over the last 90 days. 23.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HNRG. Exchange Traded Concepts LLC grew its stake in Hallador Energy by 51.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 26,346 shares of the energy company’s stock valued at $516,000 after buying an additional 8,983 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Hallador Energy by 241.1% in the second quarter. Squarepoint Ops LLC now owns 94,355 shares of the energy company’s stock worth $1,494,000 after acquiring an additional 66,691 shares during the period. Hudson Bay Capital Management LP purchased a new position in shares of Hallador Energy in the second quarter valued at $1,426,000. Caxton Associates LLP bought a new stake in shares of Hallador Energy during the 2nd quarter valued at $261,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Hallador Energy by 294.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock worth $50,000 after purchasing an additional 2,374 shares in the last quarter. 61.38% of the stock is owned by institutional investors.

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.