Hallador Energy (NASDAQ:HNRG) Shares Down 7.6% – Should You Sell?

Hallador Energy Company (NASDAQ:HNRG) traded down 7.6% on Wednesday. The company traded as low as $13.82 and last traded at $13.6790. 296,682 shares changed hands during trading, a decline of 62% from the average daily volume of 787,536 shares. The stock had previously closed at $14.81.

Analysts Set New Price Targets

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

Hallador Energy Trading Down 9.3%

The firm’s 50-day simple moving average is $15.31 and its 200-day simple moving average is $16.39. The firm has a market capitalization of $633.41 million, a PE ratio of 675.00 and a beta of 0.45. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing the consensus estimate 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 company had revenue of $101.51 million during the quarter, compared to analysts’ expectations of $90.33 million. Equities analysts expect that Hallador Energy Company will post -0.29 earnings per share for the current year.

Insider Transactions at Hallador Energy

In related news, Director Daniel Hudson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were acquired at an average cost of $16.58 per share, with a total value of $82,900.00. Following the purchase, the director directly owned 20,000 shares of the company’s stock, valued at approximately $331,600. This trade represents a 33.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 17.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

About Hallador Energy

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.