Hallador Energy (NASDAQ:HNRG) Reaches New 52-Week Low – Time to Sell?

Hallador Energy Company (NASDAQ:HNRG) hit a new 52-week low on Tuesday. The company traded as low as $11.38 and last traded at $11.66, with a volume of 1,404,721 shares traded. The stock had previously closed at $11.71.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HNRG. Alliance Global Partners raised Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Weiss Ratings lowered Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th. Zacks Research downgraded shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Northland Securities set a $27.00 price target on shares of Hallador Energy in a research report on Tuesday, October 6th. Finally, Wall Street Zen lowered shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. 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 stock. According to MarketBeat.com, Hallador Energy currently has an average rating of “Moderate Buy” and a consensus target price of $24.88.

Hallador Energy Stock Down 0.4%

The company has a 50-day moving average of $15.03 and a 200-day moving average of $16.16. The company has a current ratio of 0.72, a quick ratio of 0.24 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $549.65 million, a price-to-earnings ratio of 585.50 and a beta of 0.45.

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

Hedge Funds Weigh In On Hallador Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Hallador Energy in the 2nd quarter valued at approximately $49,594,000. Deutsche Bank AG acquired a new stake in Hallador Energy in the 2nd quarter worth approximately $13,534,000. Empyrean Capital Partners LP purchased a new stake in Hallador Energy during the 1st quarter worth approximately $8,140,000. Bank of New York Mellon Corp purchased a new stake in Hallador Energy during the 2nd quarter worth approximately $7,037,000. Finally, Value Aligned Research Advisors LLC purchased a new stake in Hallador Energy during the 2nd quarter worth approximately $5,578,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

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.