Hallador Energy Target of Unusually High Options Trading (NASDAQ:HNRG)

Hallador Energy (NASDAQ:HNRG) saw unusually large options trading on Wednesday. Investors acquired 13,379 call options on the stock. This is an increase of approximately 957% compared to the average volume of 1,266 call options.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. B. Riley boosted their price target on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Alliance Global Partners started coverage on shares of Hallador Energy in a report on Monday, December 9th. They issued a “buy” rating and a $17.00 target price on the stock.

Insider Transactions at Hallador Energy

In other news, Director David C. Hardie sold 2,553 shares of Hallador Energy stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $13.01, for a total transaction of $33,214.53. Following the sale, the director now directly owns 2,041,488 shares in the company, valued at approximately $26,559,758.88. The trade was a 0.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 104,524 shares of company stock valued at $1,356,743. 32.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HNRG. Geode Capital Management LLC lifted its stake in shares of Hallador Energy by 4.2% during the third quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company’s stock valued at $6,346,000 after acquiring an additional 27,093 shares during the period. State Street Corp boosted its stake in shares of Hallador Energy by 1.5% in the 3rd quarter. State Street Corp now owns 525,123 shares of the energy company’s stock valued at $4,952,000 after purchasing an additional 7,764 shares during the last quarter. Taconic Capital Advisors LP acquired a new stake in shares of Hallador Energy during the 3rd quarter worth approximately $4,147,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Hallador Energy by 3,171.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock worth $2,923,000 after buying an additional 364,750 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Hallador Energy in the second quarter valued at approximately $2,197,000. 61.38% of the stock is currently owned by institutional investors.

Hallador Energy Price Performance

Shares of HNRG stock traded up $0.07 during trading hours on Wednesday, hitting $10.02. 282,963 shares of the company’s stock were exchanged, compared to its average volume of 565,955. The stock’s 50-day moving average is $12.07 and its 200-day moving average is $9.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $14.00. The stock has a market cap of $426.89 million, a price-to-earnings ratio of -18.21 and a beta of 0.71.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The company had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. During the same period in the previous year, the firm posted $0.47 earnings per share. As a group, research analysts forecast that Hallador Energy will post -0.31 EPS for the current year.

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.