Hallador Energy (NASDAQ:HNRG) Shares Climb 4.2% – Should You Buy?

Hallador Energy Company (NASDAQ:HNRG) shares were up 4.2% during mid-day trading on Monday. The company traded as high as $14.56 and last traded at $14.51. 230,367 shares were traded during trading, a decline of 71% from the average session volume of 805,679 shares. The stock had previously closed at $13.92.

Analyst Upgrades and Downgrades

HNRG has been the subject of a number of research reports. Zacks Research cut shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Alliance Global Partners upgraded shares of Hallador Energy to a “strong-buy” rating in a research note on Friday, August 14th. Wall Street Zen lowered Hallador Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Northland Securities set a $27.00 price target on Hallador Energy in a research report on Tuesday, October 6th. Finally, Weiss Ratings cut Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.88.

Hallador Energy Price Performance

The company has a 50 day moving average price of $15.27 and a 200 day moving average price of $16.31. The firm has a market cap of $657.60 million, a PE ratio of 728.00 and a beta of 0.45. The company has a current ratio of 0.72, a quick ratio of 0.24 and a debt-to-equity ratio of 0.21.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. The firm had revenue of $101.51 million during the quarter, compared to analyst estimates of $90.33 million. On average, sell-side analysts expect that Hallador Energy Company will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Byrne Asset Management LLC boosted its position in shares of Hallador Energy by 23.5% in the 3rd quarter. Byrne Asset Management LLC now owns 9,620 shares of the energy company’s stock worth $130,000 after buying an additional 1,830 shares in the last quarter. Squarepoint Ops LLC grew its stake in Hallador Energy by 155.3% in the 2nd quarter. Squarepoint Ops LLC now owns 215,999 shares of the energy company’s stock valued at $3,756,000 after acquiring an additional 131,390 shares during the last quarter. Value Aligned Research Advisors LLC purchased a new position in Hallador Energy during the 2nd quarter valued at about $5,578,000. Bank of America Corp DE purchased a new position in Hallador Energy during the 2nd quarter valued at about $1,056,000. Finally, Jupiter Topco LLC purchased a new position in Hallador Energy during the 2nd quarter valued at about $294,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

Hallador Energy Company Profile

Hallador Energy, Inc is an energy company focused primarily on the production and marketing of thermal coal. Through its subsidiary Sunrise Coal, the company operates mining properties in the Illinois Basin, with activities concentrated in southwestern Indiana. Its coal is sold mainly to electric utilities and other industrial customers for use in power generation.

Hallador’s operations include the Oaktown and Carlisle mining complexes in Indiana, which produce coal for domestic energy markets.