Hallador Energy Sees Unusually High Options Volume (NASDAQ:HNRG)

Hallador Energy Company (NASDAQ:HNRG) saw some unusual options trading on Monday. Stock investors acquired 5,416 call options on the stock. This represents an increase of 298% compared to the typical volume of 1,362 call options.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Hallador Energy from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a report on Wednesday, October 8th. Zacks Research upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Alliance Global Partners restated a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th. Finally, Industrial Alliance Securities set a $28.00 target price on Hallador Energy in a research report on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hallador Energy currently has an average rating of “Moderate Buy” and an average target price of $22.67.

Insider Activity at Hallador Energy

In related news, Director David C. Hardie sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $19.53, for a total transaction of $1,953,000.00. Following the transaction, the director owned 21,072 shares in the company, valued at $411,536.16. The trade was a 82.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charles Ray Iv Wesley purchased 20,000 shares of Hallador Energy stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average cost of $17.83 per share, for a total transaction of $356,600.00. Following the completion of the purchase, the director owned 267,914 shares of the company’s stock, valued at $4,776,906.62. This trade represents a 8.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 286,633 shares of company stock valued at $5,589,687 in the last quarter. Corporate insiders own 23.73% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

A number of hedge funds and other institutional investors have recently modified their holdings of HNRG. Raymond James Financial Inc. bought a new position in Hallador Energy in the second quarter worth approximately $27,000. State of Alaska Department of Revenue purchased a new position in shares of Hallador Energy in the 3rd quarter valued at $32,000. EverSource Wealth Advisors LLC raised its position in shares of Hallador Energy by 11,110.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after acquiring an additional 2,111 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Hallador Energy by 68.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock worth $50,000 after acquiring an additional 1,283 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Hallador Energy by 294.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock worth $50,000 after purchasing an additional 2,374 shares during the last quarter. 61.38% of the stock is currently owned by institutional investors.

Hallador Energy Price Performance

Shares of HNRG stock opened at $19.53 on Wednesday. Hallador Energy has a twelve month low of $8.37 and a twelve month high of $24.70. The company has a current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $20.42 and a two-hundred day simple moving average of $18.35. The stock has a market capitalization of $856.00 million, a price-to-earnings ratio of -4.36 and a beta of 0.34.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Monday, November 10th. The energy company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.49. Hallador Energy had a positive return on equity of 33.97% and a negative net margin of 37.57%.The firm had revenue of $146.85 million during the quarter, compared to the consensus estimate of $110.92 million. On average, analysts predict that Hallador Energy will post -0.31 EPS for the current fiscal year.

Hallador Energy Company Profile

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.