Hallador Energy (NASDAQ:HNRG) Stock Price Up 3.7% Following Strong Earnings

Hallador Energy (NASDAQ:HNRG) shares rose 3.7% on Tuesday following a stronger than expected earnings report. The company traded as high as $12.73 and last traded at $11.90. Approximately 398,169 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 507,377 shares. The stock had previously closed at $11.48.

The energy company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The firm had revenue of $94.80 million during the quarter, compared to analysts’ expectations of $102.46 million.

Analysts Set New Price Targets

Separately, Alliance Global Partners started coverage on shares of Hallador Energy in a research note on Monday, December 9th. They set a “buy” rating and a $17.00 price target for the company.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC lifted its holdings in Hallador Energy by 493.7% during the 4th quarter. Squarepoint Ops LLC now owns 84,108 shares of the energy company’s stock valued at $963,000 after buying an additional 69,941 shares in the last quarter. Wexford Capital LP bought a new stake in Hallador Energy during the 4th quarter valued at about $785,000. Two Sigma Investments LP lifted its holdings in Hallador Energy by 53.4% during the 4th quarter. Two Sigma Investments LP now owns 19,531 shares of the energy company’s stock valued at $224,000 after buying an additional 6,800 shares in the last quarter. Taconic Capital Advisors LP lifted its holdings in Hallador Energy by 5.7% during the 4th quarter. Taconic Capital Advisors LP now owns 464,732 shares of the energy company’s stock valued at $5,321,000 after buying an additional 25,008 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Hallador Energy by 4,460.2% during the 4th quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock valued at $12,566,000 after buying an additional 1,073,433 shares in the last quarter. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Stock Up 0.7 %

The business’s fifty day moving average is $10.97 and its two-hundred day moving average is $10.52. The company has a market cap of $512.68 million, a P/E ratio of -21.87 and a beta of 0.55. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58.

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.