Hallador Energy (NASDAQ:HNRG) Stock Crosses Above 200 Day Moving Average – What’s Next?

Hallador Energy (NASDAQ:HNRG)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.93 and traded as high as $11.27. Hallador Energy shares last traded at $11.17, with a volume of 152,803 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have commented on HNRG shares. B. Riley increased 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 research report on Monday, December 9th. They issued a “buy” rating and a $17.00 price objective for the company.

Hallador Energy Trading Down 0.3 %

The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $11.50 and a 200 day simple moving average of $8.96. The company has a market cap of $474.75 million, a price-to-earnings ratio of -20.25 and a beta of 0.69.

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

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 2,553 shares of the stock in a transaction dated Friday, December 6th. The stock was 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 of the company’s stock, valued at approximately $26,559,758.88. This trade represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 104,524 shares of company stock worth $1,356,743. Company insiders own 32.30% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company purchased a new position in Hallador Energy during the second quarter valued at approximately $78,000. CWM LLC increased its holdings in shares of Hallador Energy by 154.4% during the 3rd quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after purchasing an additional 4,993 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Hallador Energy in the 3rd quarter valued at $96,000. Exchange Traded Concepts LLC boosted its holdings in Hallador Energy by 66.4% during the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after buying an additional 4,132 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Hallador Energy during the third quarter valued at $100,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

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.