David C. Hardie Sells 44,699 Shares of Hallador Energy (NASDAQ:HNRG) Stock

Hallador Energy (NASDAQ:HNRG) Director David C. Hardie sold 44,699 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $12.88, for a total value of $575,723.12. Following the sale, the director now owns 2,130,423 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website.

Hallador Energy Price Performance

Hallador Energy stock opened at $13.34 on Friday. The stock has a market cap of $568.51 million, a price-to-earnings ratio of -24.25 and a beta of 0.62. 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 50-day simple moving average of $9.85 and a 200 day simple moving average of $8.05. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $13.57.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.14. The company had revenue of $105.04 million during the quarter, compared to analyst estimates 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 firm earned $0.47 earnings per share. On average, research analysts forecast that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hallador Energy

A number of institutional investors have recently made changes to their positions in the stock. Empyrean Capital Partners LP purchased a new stake in Hallador Energy during the second quarter valued at about $3,885,000. Taconic Capital Advisors LP bought a new position in shares of Hallador Energy during the 3rd quarter valued at about $4,147,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Hallador Energy by 3,171.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock valued at $2,923,000 after buying an additional 364,750 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Hallador Energy in the 2nd quarter worth approximately $2,197,000. Finally, Stifel Financial Corp boosted its stake in Hallador Energy by 959.7% in the third quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock worth $2,499,000 after buying an additional 239,972 shares in the last quarter. Institutional investors own 61.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com cut Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th. B. Riley increased their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th.

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.