Hallador Energy (NASDAQ:HNRG) Director Sells $309,448.44 in Stock

Hallador Energy (NASDAQ:HNRG) Director David C. Hardie sold 23,604 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $13.11, for a total transaction of $309,448.44. Following the completion of the sale, the director now owns 2,106,819 shares in the company, valued at $27,620,397.09. This represents a 1.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hallador Energy Stock Up 3.3 %

Shares of NASDAQ HNRG opened at $13.34 on Friday. The firm’s 50-day simple moving average is $9.85 and its 200 day simple moving average is $8.05. The company 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. Hallador Energy has a 12-month low of $4.33 and a 12-month high of $13.57.

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

Wall Street Analysts Forecast Growth

HNRG has been the topic of several recent analyst reports. StockNews.com downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th. B. Riley boosted their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its holdings in Hallador Energy by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company’s stock worth $1,427,000 after purchasing an additional 3,017 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Hallador Energy by 66.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after purchasing an additional 4,132 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Hallador Energy by 10.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 53,172 shares of the energy company’s stock worth $283,000 after purchasing an additional 4,887 shares during the last quarter. CWM LLC raised its holdings in 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. Finally, Rhumbline Advisers raised its holdings in Hallador Energy by 16.1% during the 2nd quarter. Rhumbline Advisers now owns 37,757 shares of the energy company’s stock worth $293,000 after purchasing an additional 5,241 shares during the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

Hallador Energy Company Profile

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.