Hallador Energy (NASDAQ:HNRG) Releases Earnings Results, Beats Expectations By $0.14 EPS

Hallador Energy (NASDAQ:HNRG) posted its earnings results on Tuesday. The energy company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14, Zacks reports. The company had revenue of $105.04 million during the quarter, compared to analyst estimates of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.88%. During the same period in the prior year, the business posted $0.47 earnings per share.

Hallador Energy Trading Up 24.1 %

HNRG stock traded up $2.52 during trading on Wednesday, reaching $12.97. The company had a trading volume of 2,364,816 shares, compared to its average volume of 476,998. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $13.57. The company has a market cap of $552.52 million, a P/E ratio of -21.31 and a beta of 0.62. The business has a 50 day moving average of $8.89 and a 200 day moving average of $7.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.53 and a quick ratio of 0.16.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director Zarrell Thomas Gray bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of $5.75 per share, with a total value of $28,750.00. Following the completion of the purchase, the director now owns 33,000 shares of the company’s stock, valued at approximately $189,750. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Hallador Energy news, Director Charles Ray Iv Wesley bought 25,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $5.97 per share, with a total value of $149,250.00. Following the completion of the purchase, the director now owns 184,302 shares of the company’s stock, valued at approximately $1,100,282.94. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Zarrell Thomas Gray purchased 5,000 shares of Hallador Energy stock in a transaction that occurred on Thursday, August 22nd. The shares were purchased at an average cost of $5.75 per share, with a total value of $28,750.00. Following the transaction, the director now directly owns 33,000 shares of the company’s stock, valued at $189,750. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 51,000 shares of company stock valued at $308,840. Corporate insiders own 32.30% of the company’s stock.

Wall Street Analysts Forecast Growth

HNRG has been the subject of a number of analyst reports. StockNews.com lowered shares of Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th. B. Riley increased their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday.

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.