Hallador Energy Target of Unusually High Options Trading (NASDAQ:HNRG)

Hallador Energy (NASDAQ:HNRG) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 2,021 put options on the company. This represents an increase of approximately 76% compared to the typical daily volume of 1,148 put options.

Insider Transactions at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 44,699 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $12.88, for a total transaction of $575,723.12. Following the completion of the sale, the director now owns 2,130,423 shares in the company, valued at approximately $27,439,848.24. The trade was a 2.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 104,524 shares of company stock worth $1,356,743. Company insiders own 32.30% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aspiriant LLC purchased a new position in shares of Hallador Energy during the 4th quarter valued at about $179,000. Barclays PLC lifted its holdings in shares of Hallador Energy by 272.9% in the 3rd quarter. Barclays PLC now owns 33,131 shares of the energy company’s stock worth $312,000 after acquiring an additional 24,247 shares during the last quarter. Geode Capital Management LLC lifted 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 worth $6,346,000 after acquiring an additional 27,093 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Hallador Energy in the 3rd quarter valued at $251,000. Finally, Wolverine Trading LLC grew its holdings in shares of Hallador Energy by 689.9% during the 3rd quarter. Wolverine Trading LLC now owns 35,823 shares of the energy company’s stock valued at $347,000 after purchasing an additional 31,288 shares during the last quarter. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. B. Riley boosted their target price on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Alliance Global Partners initiated coverage on shares of Hallador Energy in a research note on Monday, December 9th. They set a “buy” rating and a $17.00 price target for the company.

Hallador Energy Stock Performance

Shares of HNRG traded down $2.53 during trading hours on Monday, hitting $10.65. The company’s stock had a trading volume of 366,462 shares, compared to its average volume of 440,232. The business has a 50 day simple moving average of $12.20 and a two-hundred day simple moving average of $9.64. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $14.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The company has a market cap of $454.03 million, a price-to-earnings ratio of -19.48 and a beta of 0.71.

Hallador Energy (NASDAQ:HNRG) last posted its 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. 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 for the quarter, compared to the consensus estimate of $117.10 million. During the same quarter in the prior year, the business posted $0.47 earnings per share. On average, equities analysts expect that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

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.