Hallador Energy (NASDAQ:HNRG) Director David C. Hardie Sells 23,604 Shares

Hallador Energy (NASDAQ:HNRG) Director David C. Hardie sold 23,604 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $13.11, for a total transaction of $309,448.44. Following the completion of the sale, the director now owns 2,106,819 shares in the company, valued at $27,620,397.09. The trade was a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hallador Energy Stock Performance

Shares of HNRG opened at $12.91 on Friday. The company’s 50 day moving average price is $9.72 and its 200 day moving average price is $8.01. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $13.57. The company has a market capitalization of $550.19 million, a PE ratio of -23.47 and a beta of 0.62. 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 (NASDAQ:HNRG) last posted its earnings results on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.14. The company had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. During the same period in the previous year, the firm posted $0.47 earnings per share. Research analysts expect that Hallador Energy will post -0.31 EPS for the current fiscal year.

Institutional Trading of Hallador Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of Hallador Energy by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company’s stock worth $1,427,000 after buying an additional 3,017 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Hallador Energy by 66.4% in the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after buying an additional 4,132 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Hallador Energy by 10.1% in the first quarter. Janney Montgomery Scott LLC now owns 53,172 shares of the energy company’s stock worth $283,000 after buying an additional 4,887 shares during the last quarter. CWM LLC lifted its stake in shares of Hallador Energy by 154.4% in the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock worth $78,000 after buying an additional 4,993 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Hallador Energy by 16.1% in the second quarter. Rhumbline Advisers now owns 37,757 shares of the energy company’s stock worth $293,000 after buying an additional 5,241 shares during the last quarter. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HNRG shares. StockNews.com downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th. B. Riley lifted their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th.

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.