Hallador Energy (NASDAQ:HNRG) Hits New 12-Month Low – Here’s Why

Hallador Energy Company (NASDAQ:HNRG)’s stock price hit a new 52-week low on Thursday. The stock traded as low as $13.46 and last traded at $13.34, with a volume of 25345 shares traded. The stock had previously closed at $13.87.

Analyst Upgrades and Downgrades

Several analysts have commented on HNRG shares. Wall Street Zen cut shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Zacks Research lowered shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Alliance Global Partners raised shares of Hallador Energy to a “strong-buy” rating in a report on Friday, August 14th. Northland Securities set a $28.00 target price on shares of Hallador Energy in a research report on Tuesday, August 11th. Finally, Weiss Ratings lowered shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Hallador Energy has an average rating of “Moderate Buy” and a consensus target price of $25.12.

Hallador Energy Price Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 0.72 and a quick ratio of 0.24. The stock has a fifty day simple moving average of $15.41 and a 200-day simple moving average of $16.47. The company has a market capitalization of $625.16 million, a price-to-earnings ratio of 663.50 and a beta of 0.31.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). The firm had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.33 million. Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. On average, equities research analysts anticipate that Hallador Energy Company will post -0.29 EPS for the current year.

Insider Buying and Selling

In other news, Director Daniel Hudson acquired 5,000 shares of the business’s stock in a transaction on Thursday, July 9th. The stock was bought at an average price of $16.58 per share, with a total value of $82,900.00. Following the completion of the acquisition, the director owned 20,000 shares of the company’s stock, valued at approximately $331,600. This represents a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 17.43% of the company’s stock.

Institutional Investors Weigh In On Hallador Energy

Hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Hallador Energy during the 2nd quarter valued at about $49,594,000. Dimensional Fund Advisors LP increased its stake in shares of Hallador Energy by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company’s stock valued at $16,658,000 after purchasing an additional 109,781 shares in the last quarter. Apis Capital Advisors LLC raised its holdings in Hallador Energy by 7.0% in the 4th quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock worth $17,403,000 after purchasing an additional 60,000 shares during the period. Deutsche Bank AG purchased a new position in Hallador Energy during the second quarter worth approximately $13,534,000. Finally, Empyrean Capital Partners LP purchased a new position in Hallador Energy during the first quarter worth approximately $8,140,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

About Hallador Energy

Hallador Energy Company (NASDAQ:HNRG) is an energy company focused primarily on coal production and electricity generation. Through its Sunrise Coal subsidiary, the company operates mining properties in Indiana’s portion of the Illinois Basin and supplies thermal coal to electric power producers.

Hallador’s principal mining operations include the Oaktown Mining Complex and related properties in southwestern Indiana. Its coal is used as fuel for utility-scale power generation, with sales primarily serving customers in the regional Midwest power market.