Hallador Energy (NASDAQ:HNRG) Stock Price Down 7.1% – Time to Sell?

Hallador Energy Company (NASDAQ:HNRG) dropped 7.1% during mid-day trading on Monday . The company traded as low as $18.23 and last traded at $18.0750. 95,032 shares traded hands during trading, a decline of 88% from the average session volume of 806,256 shares. The stock had previously closed at $19.45.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HNRG shares. Northland Securities increased their price objective on shares of Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Jefferies Financial Group raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Weiss Ratings upgraded Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Wall Street Zen raised Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.00 to $27.00 in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Hallador Energy has an average rating of “Moderate Buy” and an average target price of $26.62.

Hallador Energy Stock Down 4.2%

The firm has a market cap of $877.80 million, a P/E ratio of 35.10 and a beta of 0.22. The business has a fifty day moving average of $17.38 and a 200 day moving average of $18.31.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The business had revenue of $101.81 million for the quarter, compared to analyst estimates of $102.28 million. Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%. Research analysts expect that Hallador Energy Company will post 0.16 EPS for the current year.

Insider Buying and Selling

In related news, Director Charles Ray Iv Wesley acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were purchased at an average cost of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the acquisition, the director directly owned 338,469 shares in the company, valued at approximately $5,649,047.61. This trade represents a 4.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 17.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in Hallador Energy by 92.5% in the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 679 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Hallador Energy in the second quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new position in shares of Hallador Energy in the first quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its stake in shares of Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,111 shares during the period. Finally, USA Financial Formulas acquired a new stake in Hallador Energy during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.