Hallador Energy (NASDAQ:HNRG) Shares Gap Up Following Strong Earnings

Hallador Energy (NASDAQ:HNRG)’s share price gapped up prior to trading on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $15.19, but opened at $16.23. Hallador Energy shares last traded at $17.13, with a volume of 189,793 shares.

The energy company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.39. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The firm had revenue of $117.79 million for the quarter, compared to analyst estimates of $98.70 million.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. B. Riley lifted their price objective on shares of Hallador Energy from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. StockNews.com raised shares of Hallador Energy from a “sell” rating to a “hold” rating in a research note on Tuesday.

Institutional Investors Weigh In On Hallador Energy

Several institutional investors have recently made changes to their positions in HNRG. Barclays PLC grew its position in Hallador Energy by 272.9% in the third quarter. Barclays PLC now owns 33,131 shares of the energy company’s stock worth $312,000 after acquiring an additional 24,247 shares in the last quarter. Aspiriant LLC bought a new stake in shares of Hallador Energy during the 4th quarter worth $179,000. Bleakley Financial Group LLC acquired a new position in Hallador Energy in the 4th quarter valued at $171,000. Empowered Funds LLC lifted its position in Hallador Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 233,185 shares of the energy company’s stock worth $2,670,000 after acquiring an additional 11,288 shares during the last quarter. Finally, Savant Capital LLC grew its position in shares of Hallador Energy by 9.1% in the fourth quarter. Savant Capital LLC now owns 24,717 shares of the energy company’s stock valued at $283,000 after purchasing an additional 2,055 shares during the last quarter. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Hallador Energy Stock Up 17.0%

The firm has a market capitalization of $763.81 million, a P/E ratio of -32.38 and a beta of 0.42. The business has a 50 day moving average price of $12.78 and a 200 day moving average price of $11.92. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17.

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.