Hallador Energy (NASDAQ:HNRG) Director David Hardie Sells 100,000 Shares

Hallador Energy Company (NASDAQ:HNRG) Director David Hardie sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $19.53, for a total transaction of $1,953,000.00. Following the completion of the transaction, the director owned 46,072 shares in the company, valued at $899,786.16. This represents a 68.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hallador Energy Price Performance

Shares of Hallador Energy stock opened at $19.95 on Thursday. The firm has a market cap of $858.05 million, a PE ratio of -4.00 and a beta of 0.39. Hallador Energy Company has a 12-month low of $8.13 and a 12-month high of $22.01. The company has a quick ratio of 0.26, a current ratio of 0.67 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $17.65 and its two-hundred day simple moving average is $16.00.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.34. The company had revenue of $102.89 million for the quarter, compared to analysts’ expectations of $91.73 million. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. As a group, equities analysts expect that Hallador Energy Company 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. Jump Financial LLC bought a new stake in Hallador Energy during the first quarter worth about $1,126,000. Vanguard Group Inc. boosted its position in shares of Hallador Energy by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company’s stock worth $20,797,000 after purchasing an additional 65,652 shares in the last quarter. Invesco Ltd. boosted its position in shares of Hallador Energy by 356.4% in the 1st quarter. Invesco Ltd. now owns 273,300 shares of the energy company’s stock worth $3,356,000 after purchasing an additional 213,421 shares in the last quarter. Nuveen LLC bought a new stake in shares of Hallador Energy in the 1st quarter worth approximately $1,090,000. Finally, Trexquant Investment LP boosted its holdings in Hallador Energy by 308.0% in the first quarter. Trexquant Investment LP now owns 47,331 shares of the energy company’s stock worth $581,000 after acquiring an additional 35,731 shares in the last quarter. Institutional investors own 61.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HNRG. Wall Street Zen upgraded shares of Hallador Energy from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. Zacks Research upgraded shares of Hallador Energy to a “strong-buy” rating in a research report on Friday, September 12th. Citigroup cut shares of Hallador Energy to a “neutral” rating in a research report on Tuesday, August 12th. Finally, B. Riley cut Hallador Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $15.00 to $17.00 in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Hallador Energy has a consensus rating of “Buy” and a consensus price target of $19.00.

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.