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

Hallador Energy (NASDAQ:HNRG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.39 and traded as high as $12.84. Hallador Energy shares last traded at $12.70, with a volume of 259,439 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HNRG. B. Riley lifted their target price on 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 Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 price objective for the company.

Hallador Energy Stock Up 1.4 %

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’s 50-day moving average price is $12.07 and its 200-day moving average price is $9.39. The stock has a market cap of $541.24 million, a price-to-earnings ratio of -23.09 and a beta of 0.71.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.14. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The business had revenue of $105.04 million for the quarter, compared to analyst estimates of $117.10 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. On average, sell-side analysts expect that Hallador Energy will post -0.31 earnings per share for the current year.

Insider Activity

In other Hallador Energy news, Director David C. Hardie sold 23,604 shares of Hallador Energy stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $13.11, for a total value of $309,448.44. Following the completion of the sale, the director now directly owns 2,106,819 shares in the company, valued at approximately $27,620,397.09. The trade was a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 104,524 shares of company stock valued at $1,356,743 in the last ninety days. 32.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hallador Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp lifted its position in shares of Hallador Energy by 959.7% during the 3rd quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock valued at $2,499,000 after acquiring an additional 239,972 shares during the period. Point72 Asset Management L.P. bought a new stake in Hallador Energy in the second quarter valued at $2,197,000. Pekin Hardy Strauss Inc. raised its holdings in shares of Hallador Energy by 87.7% during the third quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company’s stock valued at $1,329,000 after purchasing an additional 65,850 shares during the period. Empyrean Capital Partners LP bought a new position in shares of Hallador Energy during the 2nd quarter worth about $3,885,000. Finally, Geode Capital Management LLC grew its stake in shares of Hallador Energy by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company’s stock valued at $6,346,000 after buying an additional 27,093 shares during the period. 61.38% of the stock is currently owned by institutional investors.

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.