Hallador Energy (NASDAQ:HNRG) Director Sells $193,906.86 in Stock

Hallador Energy (NASDAQ:HNRG) Director David C. Hardie sold 14,893 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $13.02, for a total value of $193,906.86. Following the completion of the sale, the director now directly owns 2,091,926 shares in the company, valued at approximately $27,236,876.52. This represents a 0.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hallador Energy Trading Up 3.3 %

HNRG stock opened at $13.34 on Friday. The company has a market cap of $568.55 million, a P/E ratio of -24.25 and a beta of 0.62. Hallador Energy has a twelve month low of $4.33 and a twelve month high of $13.57. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $9.99 and a 200-day moving average of $8.10.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. The company had revenue of $105.04 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.47 earnings per share. As a group, equities research analysts expect that Hallador Energy will post -0.31 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on HNRG shares. StockNews.com lowered Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th. B. Riley boosted their price objective on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. acquired a new position in Hallador Energy in the second quarter valued at about $2,197,000. ClariVest Asset Management LLC acquired a new position in shares of Hallador Energy during the second quarter worth about $735,000. Empyrean Capital Partners LP acquired a new position in shares of Hallador Energy during the second quarter worth about $3,885,000. B. Riley Wealth Advisors Inc. boosted its position in shares of Hallador Energy by 3,171.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock worth $2,923,000 after buying an additional 364,750 shares during the period. Finally, Deerfield Management Company L.P. Series C acquired a new position in shares of Hallador Energy during the second quarter worth about $318,000. 61.38% of the stock is owned by institutional investors and hedge funds.

About Hallador Energy

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.