Hallador Energy (NASDAQ:HNRG) Trading Down 7.5% – Should You Sell?

Shares of Hallador Energy Company (NASDAQ:HNRG) dropped 7.5% during mid-day trading on Monday . The company traded as low as $16.08 and last traded at $15.8250. Approximately 1,202,773 shares were traded during mid-day trading, an increase of 103% from the average daily volume of 591,108 shares. The stock had previously closed at $17.10.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research cut shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $27.00 in a research note on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered Hallador Energy from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Hallador Energy Price Performance

The company’s 50 day simple moving average is $19.14 and its 200 day simple moving average is $19.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.23. The stock has a market cap of $733.98 million, a P/E ratio of 16.28 and a beta of 0.22.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Thursday, March 12th. The energy company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%. The company had revenue of $101.94 million for the quarter, compared to analysts’ expectations of $105.48 million. As a group, equities analysts forecast that Hallador Energy Company will post -0.31 earnings per share for the current year.

Insiders Place Their Bets

In other Hallador Energy news, Director Charles Ray Iv Wesley bought 20,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was purchased at an average cost of $17.83 per share, with a total value of $356,600.00. Following the completion of the purchase, the director owned 267,914 shares in the company, valued at approximately $4,776,906.62. The trade was a 8.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 23.73% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

Several institutional investors have recently modified their holdings of HNRG. Royal Bank of Canada grew its position in shares of Hallador Energy by 92.5% in the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 679 shares during the period. Raymond James Financial Inc. bought a new position in Hallador Energy in the second quarter valued at approximately $27,000. State of Alaska Department of Revenue acquired a new position in shares of Hallador Energy in the third quarter valued at approximately $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Hallador Energy by 11,110.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after buying an additional 2,111 shares during the period. Finally, USA Financial Formulas bought a new stake in shares of Hallador Energy during the fourth quarter worth $42,000. Institutional investors own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.