105,410 Shares of Hallador Energy Company $HNRG Acquired by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC acquired a new stake in shares of Hallador Energy Company (NASDAQ:HNRG) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 105,410 shares of the energy company’s stock, valued at approximately $1,462,000. Hallador Energy accounts for about 1.0% of SummerHaven Investment Management LLC’s portfolio, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HNRG. State of Wyoming purchased a new position in shares of Hallador Energy in the second quarter worth about $32,000. Summit Securities Group LLC bought a new stake in shares of Hallador Energy in the first quarter valued at approximately $31,000. Persistent Asset Partners Ltd purchased a new stake in shares of Hallador Energy during the 2nd quarter valued at approximately $42,000. Meeder Asset Management Inc. lifted its stake in shares of Hallador Energy by 71.0% during the 1st quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company’s stock valued at $64,000 after buying an additional 1,631 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Hallador Energy by 18,664.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,380 shares of the energy company’s stock valued at $121,000 after buying an additional 6,346 shares in the last quarter. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Trading Down 7.9%

Shares of Hallador Energy stock opened at $11.71 on Friday. The company’s 50-day moving average price is $15.12 and its 200-day moving average price is $16.20. 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 Company has a 12-month low of $11.46 and a 12-month high of $24.70. The company has a market cap of $552.01 million, a price-to-earnings ratio of 585.50 and a beta of 0.45.

Hallador Energy (NASDAQ:HNRG) last issued 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). The firm had revenue of $101.51 million for the quarter, compared to analysts’ expectations of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. On average, equities analysts expect that Hallador Energy Company will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HNRG shares. Northland Securities set a $27.00 target price on Hallador Energy in a research report on Tuesday, October 6th. Weiss Ratings cut Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Alliance Global Partners upgraded 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 research note on Saturday, August 15th. Finally, Zacks Research cut Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.88.

Hallador Energy 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.