Hallador Energy (NASDAQ:HNRG) Sets New 12-Month High – Here’s Why

Hallador Energy (NASDAQ:HNRG)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $15.99 and last traded at $15.39, with a volume of 2207 shares changing hands. The stock had previously closed at $15.31.

Wall Street Analysts Forecast Growth

HNRG has been the subject of a number of recent analyst reports. StockNews.com cut Hallador Energy from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. B. Riley upped their price objective on Hallador Energy from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st.

Hallador Energy Price Performance

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 firm has a market cap of $652.38 million, a P/E ratio of -27.60 and a beta of 0.42. The firm has a 50-day simple moving average of $12.66 and a 200-day simple moving average of $11.89.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Monday, March 17th. The energy company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The firm had revenue of $94.80 million during the quarter, compared to analysts’ expectations of $102.46 million. As a group, analysts forecast that Hallador Energy will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Hallador Energy

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Hallador Energy by 10.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company’s stock valued at $21,569,000 after purchasing an additional 173,749 shares in the last quarter. Vanguard Group Inc. grew its holdings in Hallador Energy by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company’s stock worth $20,797,000 after acquiring an additional 65,652 shares during the last quarter. Empyrean Capital Partners LP grew its position in shares of Hallador Energy by 71.0% during the 4th quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company’s stock worth $15,171,000 after buying an additional 550,000 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Hallador Energy by 4,460.2% in the 4th quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock worth $12,566,000 after acquiring an additional 1,073,433 shares in the last quarter. Finally, Apis Capital Advisors LLC grew its holdings in Hallador Energy by 106.9% during the 4th quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company’s stock valued at $10,282,000 after buying an additional 464,000 shares in the last quarter. 61.38% of the stock is owned by hedge funds and other 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.