Hallador Energy (NASDAQ:HNRG) Stock Price Up 4.2% – Should You Buy?

Hallador Energy Company (NASDAQ:HNRG)’s share price was up 4.2% on Monday. The company traded as high as $14.56 and last traded at $14.51. Approximately 230,367 shares traded hands during trading, a decline of 71% from the average session volume of 805,679 shares. The stock had previously closed at $13.92.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Northland Securities set a $27.00 price target on shares of Hallador Energy in a report on Tuesday, October 6th. Alliance Global Partners upgraded Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Zacks Research cut Hallador Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Wall Street Zen lowered Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings downgraded Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.88.

Hallador Energy Price Performance

The company has a market capitalization of $700.36 million, a PE ratio of 742.75 and a beta of 0.45. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average is $15.30 and its 200-day moving average is $16.35.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. The firm had revenue of $101.51 million during the quarter, compared to analysts’ expectations of $90.33 million. Equities analysts predict that Hallador Energy Company will post -0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hallador Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Hallador Energy in the 2nd quarter worth $49,594,000. Squarepoint Ops LLC boosted its position in Hallador Energy by 155.3% during the second quarter. Squarepoint Ops LLC now owns 215,999 shares of the energy company’s stock valued at $3,756,000 after buying an additional 131,390 shares during the period. Galaxy Digital Inc. bought a new position in shares of Hallador Energy during the first quarter valued at about $1,628,000. JB Capital Partners LP bought a new position in shares of Hallador Energy during the second quarter valued at about $2,782,400. Finally, Monashee Investment Management LLC purchased a new position in shares of Hallador Energy in the first quarter worth about $1,465,000. Institutional investors own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy, Inc is an energy company focused primarily on the production and marketing of thermal coal. Through its subsidiary Sunrise Coal, the company operates mining properties in the Illinois Basin, with activities concentrated in southwestern Indiana. Its coal is sold mainly to electric utilities and other industrial customers for use in power generation.

Hallador’s operations include the Oaktown and Carlisle mining complexes in Indiana, which produce coal for domestic energy markets.