Hallador Energy (NASDAQ:HNRG) Shares Gap Up – Should You Buy?

Hallador Energy (NASDAQ:HNRG)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $11.45, but opened at $11.85. Hallador Energy shares last traded at $11.84, with a volume of 60,634 shares trading hands.

Wall Street Analyst Weigh In

HNRG has been the topic of a number of research reports. B. Riley raised their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Alliance Global Partners started coverage on shares of Hallador Energy in a research note on Monday, December 9th. They set a “buy” rating and a $17.00 price target on the stock.

Hallador Energy Trading Up 3.1 %

The stock has a 50-day moving average price of $11.60 and a two-hundred day moving average price of $9.05. The stock has a market capitalization of $502.88 million, a PE ratio of -21.45 and a beta of 0.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.14. The firm had revenue of $105.04 million for the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. During the same period last year, the firm earned $0.47 EPS. As a group, equities analysts forecast that Hallador Energy will post -0.31 earnings per share for the current year.

Insider Buying and Selling

In related news, Director David C. Hardie sold 18,775 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.02, for a total transaction of $244,450.50. Following the completion of the transaction, the director now owns 2,022,713 shares in the company, valued at approximately $26,335,723.26. This represents a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 104,524 shares of company stock worth $1,356,743. 32.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HNRG. Empyrean Capital Partners LP purchased a new position in Hallador Energy during the 2nd quarter valued at $3,885,000. Taconic Capital Advisors LP bought a new position in shares of Hallador Energy in the third quarter worth about $4,147,000. B. Riley Wealth Advisors Inc. increased its stake in Hallador Energy by 3,171.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock worth $2,923,000 after buying an additional 364,750 shares during the period. Point72 Asset Management L.P. bought a new stake in Hallador Energy during the 2nd quarter valued at about $2,197,000. Finally, Stifel Financial Corp boosted its position in Hallador Energy by 959.7% in the 3rd quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock valued at $2,499,000 after buying an additional 239,972 shares during the period. 61.38% of the stock is owned by hedge funds and other institutional investors.

About Hallador Energy

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.