Hallador Energy (NASDAQ:HNRG) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Hallador Energy (NASDAQ:HNRG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.73 and traded as high as $11.04. Hallador Energy shares last traded at $10.96, with a volume of 202,154 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Alliance Global Partners assumed coverage on shares of Hallador Energy in a research note on Monday, December 9th. They issued a “buy” rating and a $17.00 price target on the stock. B. Riley lifted their price target on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Hallador Energy Stock Up 2.6 %

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. The firm’s fifty day moving average is $11.86 and its 200 day moving average is $9.73. The firm has a market cap of $467.12 million, a P/E ratio of -19.93 and a beta of 0.66.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $117.10 million. During the same quarter in the previous year, the company earned $0.47 EPS. As a group, equities research analysts anticipate that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Insider Activity at Hallador Energy

In related news, Director David C. Hardie sold 23,604 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $13.11, for a total value of $309,448.44. Following the completion of the transaction, the director now owns 2,106,819 shares of the company’s stock, valued at $27,620,397.09. This represents a 1.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 104,524 shares of company stock valued at $1,356,743 in the last quarter. Insiders own 32.30% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

Several large investors have recently modified their holdings of HNRG. Taconic Capital Advisors LP bought a new position in shares of Hallador Energy during the third quarter valued at $4,147,000. Stifel Financial Corp increased its position in shares of Hallador Energy by 959.7% during the third quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock worth $2,499,000 after buying an additional 239,972 shares during the period. Pekin Hardy Strauss Inc. increased its position 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 worth $1,329,000 after buying an additional 65,850 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Hallador Energy during the third quarter worth $351,000. Finally, Wolverine Trading LLC increased its position in shares of Hallador Energy by 689.9% during the third quarter. Wolverine Trading LLC now owns 35,823 shares of the energy company’s stock worth $347,000 after buying an additional 31,288 shares during the period. Institutional investors own 61.38% of the company’s stock.

About Hallador Energy

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.