Hallador Energy (NASDAQ:HNRG) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Hallador Energy Company (NASDAQ:HNRG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.86 and traded as high as $20.37. Hallador Energy shares last traded at $20.10, with a volume of 481,168 shares trading hands.

Analyst Ratings Changes

A number of brokerages have issued reports on HNRG. Zacks Research cut shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen upgraded Hallador Energy from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Alliance Global Partners reissued a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hallador Energy in a report on Wednesday, October 8th. Finally, Industrial Alliance Securities set a $28.00 price target on Hallador Energy in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.67.

Hallador Energy Trading Up 0.8%

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.31. The stock has a market cap of $880.98 million, a P/E ratio of -4.49 and a beta of 0.26. The firm’s fifty day moving average price is $19.87 and its two-hundred day moving average price is $18.86.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Monday, November 10th. The energy company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.06 by $0.49. The business had revenue of $146.85 million during the quarter, compared to analysts’ expectations of $110.92 million. Hallador Energy had a positive return on equity of 33.97% and a negative net margin of 37.57%. As a group, equities research analysts forecast that Hallador Energy Company will post -0.31 EPS for the current year.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of $17.83 per share, with a total value of $356,600.00. Following the completion of the acquisition, 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. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 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 bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Hallador Energy during the 2nd quarter worth $27,000. State of Alaska Department of Revenue purchased a new stake in Hallador Energy during the third quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its stake in Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,111 shares during the last quarter. USA Financial Formulas bought a new stake in Hallador Energy during the fourth quarter worth about $42,000. Finally, Ameritas Investment Partners Inc. boosted its holdings 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 purchasing an additional 1,283 shares in the last quarter. Hedge funds and other institutional investors own 61.38% of the company’s stock.

About Hallador Energy

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.