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 company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $13.11, for a total value of $309,448.44. Following the completion of the sale, the director now directly owns 2,106,819 shares of the company’s stock, valued at approximately $27,620,397.09. This trade represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hallador Energy Price Performance

Shares of HNRG opened at $13.34 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. The stock 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. The firm has a market capitalization of $568.51 million, a PE ratio of -24.25 and a beta of 0.62.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The firm had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. During the same quarter in the prior year, the firm posted $0.47 EPS. Sell-side analysts predict that Hallador Energy will post -0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on HNRG. B. Riley upped their price target on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. StockNews.com lowered Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th.

Hedge Funds Weigh In On Hallador Energy

A number of large investors have recently bought and sold shares of HNRG. Geode Capital Management LLC boosted its holdings in shares of Hallador Energy by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company’s stock valued at $6,346,000 after buying an additional 27,093 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Hallador Energy by 7.6% in the 2nd quarter. American Century Companies Inc. now owns 555,879 shares of the energy company’s stock valued at $4,319,000 after buying an additional 39,032 shares during the last quarter. State Street Corp boosted its holdings in shares of Hallador Energy by 1.5% in the 3rd quarter. State Street Corp now owns 525,123 shares of the energy company’s stock valued at $4,952,000 after buying an additional 7,764 shares during the last quarter. Empyrean Capital Partners LP acquired a new stake in shares of Hallador Energy in the 2nd quarter valued at approximately $3,885,000. Finally, Taconic Capital Advisors LP acquired a new stake in shares of Hallador Energy in the 3rd quarter valued at approximately $4,147,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

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.