Hallador Energy (NASDAQ:HNRG) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Hallador Energy (NASDAQ:HNRG) released its quarterly earnings data on Tuesday. The energy company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.14, Zacks reports. The company had revenue of $105.04 million for the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative return on equity of 6.88% and a negative net margin of 4.85%. During the same period last year, the business posted $0.47 EPS.

Hallador Energy Stock Up 24.0 %

Shares of HNRG stock traded up $2.51 during mid-day trading on Wednesday, hitting $12.96. 1,939,671 shares of the stock traded hands, compared to its average volume of 475,866. The stock’s fifty day moving average is $8.89 and its two-hundred day moving average is $7.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.53 and a quick ratio of 0.16. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $13.57. The stock has a market cap of $552.10 million, a P/E ratio of -21.31 and a beta of 0.62.

Analyst Upgrades and Downgrades

HNRG has been the topic of a number of recent research reports. B. Riley increased their price target on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com lowered shares of Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th.

Insider Buying and Selling

In other Hallador Energy news, Director Zarrell Thomas Gray acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average price of $5.75 per share, for a total transaction of $28,750.00. Following the acquisition, the director now owns 33,000 shares in the company, valued at approximately $189,750. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Zarrell Thomas Gray purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of $5.75 per share, with a total value of $28,750.00. Following the completion of the acquisition, the director now owns 33,000 shares in the company, valued at approximately $189,750. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles Ray Iv Wesley bought 25,000 shares of Hallador Energy stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $5.97 per share, with a total value of $149,250.00. Following the purchase, the director now directly owns 184,302 shares in the company, valued at $1,100,282.94. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 51,000 shares of company stock worth $308,840 in the last 90 days. 32.30% of the stock is owned by corporate insiders.

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.