Shares of Hallador Energy (NASDAQ:HNRG – Get Free Report) saw an uptick in trading volume on Tuesday . 137,858 shares changed hands during trading, a decline of 47% from the previous session’s volume of 259,912 shares.The stock last traded at $12.35 and had previously closed at $11.45.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on HNRG shares. B. Riley lifted their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Alliance Global Partners initiated coverage on Hallador Energy in a report on Monday, December 9th. They issued a “buy” rating and a $17.00 target price on the stock.
Get Our Latest Research Report on HNRG
Hallador Energy Trading Up 4.1 %
Hallador Energy (NASDAQ:HNRG – Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.14. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The business had revenue of $105.04 million for the quarter, compared to analysts’ expectations of $117.10 million. During the same period in the prior year, the firm posted $0.47 EPS. As a group, equities research analysts forecast that Hallador Energy will post -0.31 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director David C. Hardie sold 44,699 shares of Hallador Energy stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $12.88, for a total value of $575,723.12. Following the completion of the sale, the director now directly owns 2,130,423 shares in the company, valued at $27,439,848.24. The trade was a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 104,524 shares of company stock valued at $1,356,743. 32.30% of the stock is owned by insiders.
Institutional Investors Weigh In On Hallador Energy
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new position in shares of Hallador Energy during the 2nd quarter valued at $2,197,000. Stifel Financial Corp boosted its position in Hallador Energy by 959.7% in the third quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock worth $2,499,000 after purchasing an additional 239,972 shares during the last quarter. Pekin Hardy Strauss Inc. grew its stake in shares of Hallador Energy by 87.7% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company’s stock valued at $1,329,000 after purchasing an additional 65,850 shares during the period. ClariVest Asset Management LLC purchased a new stake in shares of Hallador Energy during the 2nd quarter valued at about $735,000. Finally, Empyrean Capital Partners LP bought a new position in shares of Hallador Energy in the 2nd quarter worth approximately $3,885,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.
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.
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