Hallador Energy (NASDAQ:HNRG) Shares Down 4.5% – Here’s Why

Hallador Energy Company (NASDAQ:HNRG)’s stock price was down 4.5% during trading on Tuesday . The stock traded as low as $16.05 and last traded at $16.0410. Approximately 563,744 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 692,316 shares. The stock had previously closed at $16.80.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HNRG shares. Jefferies Financial Group upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Zacks Research cut shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a research report on Thursday, January 22nd. Wall Street Zen cut Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. Finally, B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $27.00 in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.63.

Hallador Energy Stock Down 2.5%

The stock’s fifty day simple moving average is $18.39 and its 200-day simple moving average is $19.41. The stock has a market cap of $746.21 million, a P/E ratio of 16.53 and a beta of 0.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.23 and a current ratio of 0.81.

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

Institutional Trading of Hallador Energy

A number of institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Hallador Energy by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock valued at $187,000 after purchasing an additional 624 shares in the last quarter. Royal Bank of Canada increased its holdings in 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 buying an additional 679 shares during the period. Levin Capital Strategies L.P. raised its position in shares of Hallador Energy by 2.9% in the 4th quarter. Levin Capital Strategies L.P. now owns 42,308 shares of the energy company’s stock valued at $806,000 after buying an additional 1,191 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Hallador Energy by 68.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock valued at $50,000 after buying an additional 1,283 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Hallador Energy during the 3rd quarter worth approximately $32,000. 61.38% of the stock is currently owned by institutional investors.

Hallador Energy Company Profile

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.