Traders Buy High Volume of Hallador Energy Put Options (NASDAQ:HNRG)

Hallador Energy (NASDAQ:HNRG) saw some unusual options trading activity on Monday. Stock traders bought 2,021 put options on the stock. This is an increase of approximately 76% compared to the typical daily volume of 1,148 put options.

Insider Buying and Selling

In related news, Director David C. Hardie sold 44,699 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $12.88, for a total transaction of $575,723.12. Following the completion of the sale, the director now directly owns 2,130,423 shares in the company, valued at $27,439,848.24. This represents a 2.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 104,524 shares of company stock worth $1,356,743 in the last 90 days. 32.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HNRG. Geode Capital Management LLC boosted its stake in shares of Hallador Energy by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company’s stock valued at $6,346,000 after purchasing an additional 27,093 shares in the last quarter. State Street Corp lifted its holdings in Hallador Energy by 1.5% in the third quarter. State Street Corp now owns 525,123 shares of the energy company’s stock worth $4,952,000 after buying an additional 7,764 shares during the period. Taconic Capital Advisors LP bought a new stake in Hallador Energy during the 3rd quarter valued at approximately $4,147,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of Hallador Energy by 3,171.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock worth $2,923,000 after acquiring an additional 364,750 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Hallador Energy in the 2nd quarter worth approximately $2,197,000. 61.38% of the stock is currently owned by institutional investors.

Hallador Energy Stock Down 28.0 %

Shares of NASDAQ:HNRG opened at $9.49 on Tuesday. The stock’s 50-day moving average is $12.20 and its 200 day moving average is $9.64. The company has a market cap of $404.46 million, a PE ratio of -17.25 and a beta of 0.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. Hallador Energy has a 1 year low of $4.33 and a 1 year high of $14.00.

Hallador Energy (NASDAQ:HNRG) last posted 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 return on equity of 6.71% and a negative net margin of 4.85%. The firm had revenue of $105.04 million for the quarter, compared to analysts’ expectations of $117.10 million. During the same period in the previous year, the firm earned $0.47 earnings per share. Sell-side analysts anticipate that Hallador Energy will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HNRG shares. Alliance Global Partners initiated coverage on Hallador Energy in a research report on Monday, December 9th. They issued a “buy” rating and a $17.00 price objective for the company. B. Riley upped their price target on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

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.