Hallador Energy (NASDAQ:HNRG) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Hallador Energy (NASDAQ:HNRG) posted its earnings results on Tuesday. The energy company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14, Zacks reports. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.88%. The business 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 company posted $0.47 earnings per share.

Hallador Energy Stock Down 0.2 %

NASDAQ HNRG traded down $0.02 during trading on Thursday, hitting $13.11. 276,863 shares of the company traded hands, compared to its average volume of 478,038. The business has a fifty day simple moving average of $9.03 and a 200 day simple moving average of $7.74. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $13.57. The company has a current ratio of 0.53, a quick ratio of 0.16 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $558.49 million, a P/E ratio of -24.36 and a beta of 0.62.

Wall Street Analysts Forecast Growth

HNRG has been the topic of a number of research analyst reports. B. Riley increased their target price on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com cut shares of Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th.

Insider Transactions at Hallador Energy

In related news, Director Zarrell Thomas Gray purchased 5,000 shares of Hallador Energy stock in a transaction on Thursday, August 22nd. The stock was purchased at an average cost of $5.75 per share, with a total value of $28,750.00. Following the acquisition, the director now directly owns 33,000 shares in the company, valued at approximately $189,750. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Zarrell Thomas Gray purchased 5,000 shares of Hallador Energy stock in a transaction on Thursday, August 22nd. The shares were purchased at an average cost of $5.75 per share, for a total transaction of $28,750.00. Following the completion of the transaction, the director now directly owns 33,000 shares in the company, valued at approximately $189,750. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles Ray Iv Wesley acquired 25,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the acquisition, the director now owns 184,302 shares in the company, valued at approximately $1,100,282.94. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 51,000 shares of company stock worth $308,840. 32.30% of the stock is owned by insiders.

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.