Hallador Energy (NASDAQ:HNRG) Shares Down 5.4% – Should You Sell?

Hallador Energy Company (NASDAQ:HNRG)’s share price was down 5.4% during mid-day trading on Monday . The stock traded as low as $14.98 and last traded at $14.9030. Approximately 311,175 shares were traded during trading, a decline of 57% from the average daily volume of 724,713 shares. The stock had previously closed at $15.75.

Analyst Ratings Changes

Several research firms have recently weighed in on HNRG. 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. Northland Securities lifted their price objective on shares of Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Wall Street Zen lowered shares of Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $27.00 in a research note on Friday, March 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hallador Energy currently has an average rating of “Moderate Buy” and an average target price of $26.63.

Hallador Energy Stock Down 3.8%

The company has a market cap of $713.78 million, a P/E ratio of 15.77 and a beta of 0.27. The firm’s 50 day moving average price is $17.63 and its two-hundred day moving average price is $19.12. 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 quarterly earnings results on Thursday, March 12th. The energy company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $101.94 million during the quarter, compared to analyst estimates of $105.48 million. Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%. Equities research analysts anticipate that Hallador Energy Company will post -0.31 EPS for the current fiscal year.

Institutional Trading of Hallador Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Great Lakes Advisors LLC bought a new stake in Hallador Energy during the 3rd quarter valued at $2,234,000. Value Aligned Research Advisors LLC increased its stake in Hallador Energy by 1,038.2% during the 3rd quarter. Value Aligned Research Advisors LLC now owns 320,759 shares of the energy company’s stock valued at $6,277,000 after purchasing an additional 292,577 shares in the last quarter. American Century Companies Inc. increased its stake in Hallador Energy by 10.6% during the 3rd quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock valued at $23,188,000 after purchasing an additional 113,547 shares in the last quarter. Sierra Summit Advisors LLC bought a new stake in Hallador Energy during the 3rd quarter valued at $1,064,000. Finally, Jackson Creek Investment Advisors LLC bought a new stake in Hallador Energy during the 4th quarter valued at $1,363,000. Institutional investors own 61.38% of the company’s stock.

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.