Hallador Energy (NASDAQ:HNRG) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Hallador Energy (NASDAQ:HNRG)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.39 and traded as high as $12.84. Hallador Energy shares last traded at $12.70, with a volume of 259,439 shares trading hands.

Analysts Set New Price Targets

Several research firms have issued reports on HNRG. Alliance Global Partners assumed coverage on shares of Hallador Energy in a report on Monday, December 9th. They issued a “buy” rating and a $17.00 price target on the stock. B. Riley boosted their target price on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th.

Hallador Energy Trading Down 0.2 %

The stock has a 50-day simple moving average of $12.11 and a 200 day simple moving average of $9.43. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. The company has a market cap of $540.42 million, a price-to-earnings ratio of -23.05 and a beta of 0.71.

Hallador Energy (NASDAQ:HNRG) last issued 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. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The firm had revenue of $105.04 million for the quarter, compared to analyst estimates of $117.10 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. As a group, equities research analysts predict that Hallador Energy will post -0.31 EPS for the current fiscal year.

Insider Transactions at Hallador Energy

In other news, Director David C. Hardie sold 44,699 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $12.88, for a total transaction of $575,723.12. Following the completion of the sale, the director now owns 2,130,423 shares of the company’s stock, valued at $27,439,848.24. The trade was a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 104,524 shares of company stock valued at $1,356,743 in the last three months. 32.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hallador Energy

Several institutional investors have recently bought and sold shares of HNRG. Bank of New York Mellon Corp lifted its position in shares of Hallador Energy by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company’s stock valued at $1,427,000 after acquiring an additional 3,017 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Hallador Energy by 66.4% in the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after buying an additional 4,132 shares in the last quarter. CWM LLC boosted its holdings in shares of Hallador Energy by 154.4% during the 3rd quarter. CWM LLC now owns 8,227 shares of the energy company’s stock worth $78,000 after purchasing an additional 4,993 shares during the last quarter. Rhumbline Advisers lifted its position in Hallador Energy by 16.1% during the second quarter. Rhumbline Advisers now owns 37,757 shares of the energy company’s stock worth $293,000 after buying an additional 5,241 shares in the last quarter. Finally, State Street Corp boosted its stake in Hallador Energy by 1.5% during the third quarter. State Street Corp now owns 525,123 shares of the energy company’s stock worth $4,952,000 after buying an additional 7,764 shares during the last quarter. 61.38% of the stock is currently 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.