Hallador Energy (NASDAQ:HNRG) Shares Gap Up Following Earnings Beat

Hallador Energy (NASDAQ:HNRG) gapped up prior to trading on Wednesday following a better than expected earnings announcement. The stock had previously closed at $10.45, but opened at $12.68. Hallador Energy shares last traded at $12.02, with a volume of 571,292 shares traded.

The energy company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. The firm had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative return on equity of 6.88% and a negative net margin of 4.85%. During the same period last year, the company earned $0.47 EPS.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th. B. Riley raised their target price on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday.

Insider Activity at Hallador Energy

In related news, Director Zarrell Thomas Gray acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average price of $5.75 per share, for a total transaction of $28,750.00. Following the purchase, the director now owns 33,000 shares of the company’s stock, valued at $189,750. This represents a 17.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles Ray Iv Wesley acquired 25,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $5.97 per share, with a total value of $149,250.00. Following the purchase, the director now directly owns 184,302 shares in the company, valued at approximately $1,100,282.94. This trade represents a 15.69 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 46,000 shares of company stock worth $280,040 in the last three months. 32.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hallador Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company purchased a new position in shares of Hallador Energy in the 2nd quarter valued at about $78,000. CWM LLC raised its position in shares of Hallador Energy by 154.4% during the 3rd quarter. CWM LLC now owns 8,227 shares of the energy company’s stock worth $78,000 after acquiring an additional 4,993 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Hallador Energy by 66.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after acquiring an additional 4,132 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Hallador Energy during the 3rd quarter worth about $100,000. Finally, Net Worth Advisory Group acquired a new stake in shares of Hallador Energy during the 3rd quarter worth about $162,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Stock Up 1.9 %

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.16 and a current ratio of 0.53. The firm has a market cap of $569.99 million, a price-to-earnings ratio of -24.36 and a beta of 0.62. The firm has a 50-day moving average price of $9.03 and a two-hundred day moving average price of $7.74.

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.