Hallador Energy (NASDAQ:HNRG) Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of Hallador Energy (NASDAQ:HNRG) from a sell rating to a strong sell rating in a research note issued to investors on Saturday morning.

A number of other equities research analysts have also recently commented on the company. Northland Securities set a $28.00 target price on Hallador Energy in a research report on Tuesday, August 11th. Zacks Research cut Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hallador Energy in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.12.

Hallador Energy Stock Performance

Shares of NASDAQ HNRG opened at $16.19 on Friday. The company’s fifty day moving average price is $16.27 and its 200 day moving average price is $17.24. Hallador Energy has a 1 year low of $13.65 and a 1 year high of $24.70. The company has a market capitalization of $763.20 million, a PE ratio of 809.50 and a beta of 0.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.24 and a current ratio of 0.72.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. The firm had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.33 million. On average, research analysts predict that Hallador Energy will post -0.09 earnings per share for the current year.

Insider Buying and Selling at Hallador Energy

In related news, Director Daniel Timothy Hudson acquired 5,000 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were acquired at an average cost of $16.58 per share, with a total value of $82,900.00. Following the completion of the acquisition, the director directly owned 20,000 shares in the company, valued at approximately $331,600. This trade represents a 33.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles Ray Iv Wesley bought 15,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the transaction, the director owned 338,469 shares of the company’s stock, valued at approximately $5,649,047.61. This trade represents a 4.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 35,000 shares of company stock valued at $589,170. 17.43% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Lubar & Co. Inc purchased a new position in Hallador Energy in the 4th quarter valued at about $103,806,000. BlackRock Inc. purchased a new stake in Hallador Energy during the 2nd quarter worth approximately $49,594,000. Ameriprise Financial Inc. purchased a new stake in Hallador Energy during the 2nd quarter worth approximately $18,735,000. Deutsche Bank AG purchased a new stake in Hallador Energy during the 2nd quarter worth approximately $13,534,000. Finally, Empyrean Capital Partners LP acquired a new position in shares of Hallador Energy during the first quarter valued at approximately $8,140,000. Institutional investors and hedge funds 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.