Hallador Energy (NASDAQ:HNRG) Director David C. Hardie Sells 2,553 Shares

Hallador Energy (NASDAQ:HNRG) Director David C. Hardie sold 2,553 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $13.01, for a total transaction of $33,214.53. Following the transaction, the director now owns 2,041,488 shares in the company, valued at approximately $26,559,758.88. This trade represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Hallador Energy Stock Performance

Shares of HNRG stock traded up $0.47 during trading hours on Tuesday, hitting $13.49. 541,469 shares of the company were exchanged, compared to its average volume of 481,012. 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 stock has a market capitalization of $574.94 million, a price-to-earnings ratio of -24.53 and a beta of 0.68. The firm has a fifty day simple moving average of $11.04 and a 200 day simple moving average of $8.62. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $14.00.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.14. The business had revenue of $105.04 million during the quarter, compared to analyst estimates of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same period in the prior year, the company earned $0.47 earnings per share. Research analysts predict that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Hallador Energy by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company’s stock valued at $1,427,000 after acquiring an additional 3,017 shares during the period. Rhumbline Advisers raised its position in shares of Hallador Energy by 16.1% in the second quarter. Rhumbline Advisers now owns 37,757 shares of the energy company’s stock valued at $293,000 after purchasing an additional 5,241 shares during the period. ClariVest Asset Management LLC bought a new stake in shares of Hallador Energy in the second quarter valued at approximately $735,000. American Century Companies Inc. lifted its stake in shares of Hallador Energy by 7.6% during the 2nd quarter. American Century Companies Inc. now owns 555,879 shares of the energy company’s stock valued at $4,319,000 after buying an additional 39,032 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new position in Hallador Energy in the 2nd quarter worth approximately $584,000. Institutional investors own 61.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th. B. Riley raised their target price on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Alliance Global Partners began coverage on shares of Hallador Energy in a report on Monday. They issued a “buy” rating and a $17.00 price target on the stock.

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.