David C. Hardie Sells 18,775 Shares of Hallador Energy (NASDAQ:HNRG) Stock

Hallador Energy (NASDAQ:HNRG) Director David C. Hardie sold 18,775 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.02, for a total value of $244,450.50. Following the completion of the sale, the director now owns 2,022,713 shares in the company, valued at approximately $26,335,723.26. This represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hallador Energy Stock Performance

Shares of NASDAQ HNRG traded up $0.47 during trading hours on Tuesday, reaching $13.49. The stock had a trading volume of 541,469 shares, compared to its average volume of 481,012. The firm has a market cap of $574.94 million, a price-to-earnings ratio of -24.53 and a beta of 0.68. Hallador Energy has a fifty-two week low of $4.33 and a fifty-two week high of $14.00. The firm has a 50-day moving average of $11.04 and a 200-day moving average of $8.62. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.14. The business had revenue of $105.04 million for the quarter, compared to analysts’ expectations of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. During the same period in the previous year, the company posted $0.47 EPS. Equities research analysts predict that Hallador Energy will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors and hedge funds have recently made changes to their positions in HNRG. Barclays PLC grew its holdings in shares of Hallador Energy by 272.9% during the third quarter. Barclays PLC now owns 33,131 shares of the energy company’s stock worth $312,000 after buying an additional 24,247 shares during the last quarter. Geode Capital Management LLC lifted its position in Hallador Energy by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company’s stock worth $6,346,000 after acquiring an additional 27,093 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Hallador Energy during the 3rd quarter worth approximately $251,000. Wolverine Trading LLC grew its stake in shares of Hallador Energy by 689.9% in the 3rd quarter. Wolverine Trading LLC now owns 35,823 shares of the energy company’s stock valued at $347,000 after purchasing an additional 31,288 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Hallador Energy by 1.5% in the third quarter. State Street Corp now owns 525,123 shares of the energy company’s stock valued at $4,952,000 after purchasing an additional 7,764 shares during the period. 61.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Alliance Global Partners started coverage on Hallador Energy in a report on Monday. They issued a “buy” rating and a $17.00 price target for the company. B. Riley boosted their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, StockNews.com downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th.

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.