Hallador Energy (NASDAQ:HNRG) Now Covered by Analysts at Alliance Global Partners

Alliance Global Partners started coverage on shares of Hallador Energy (NASDAQ:HNRG - Free Report) in a report released on Monday, Marketbeat.com reports. The firm issued a buy rating and a $17.00 target price on the energy company's stock.

HNRG has been the subject of several other research reports. B. Riley upped their price target on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. StockNews.com cut shares of Hallador Energy from a "hold" rating to a "sell" rating in a research report on Sunday, August 18th.

Hallador Energy Stock Performance

HNRG stock traded up $0.07 during midday trading on Monday, reaching $13.02. The company had a trading volume of 374,316 shares, compared to its average volume of 480,757. The firm has a market capitalization of $554.91 million, a PE ratio of -23.55 and a beta of 0.68. The stock has a 50 day moving average price of $10.97 and a 200 day moving average price of $8.58. Hallador Energy has a fifty-two week low of $4.33 and a fifty-two week high of $14.00. 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 (NASDAQ:HNRG - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.14. The business had revenue of $105.04 million during the quarter, compared to analyst estimates of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same quarter in the previous year, the firm posted $0.47 EPS. Analysts anticipate that Hallador Energy will post -0.31 earnings per share for the current year.

Insider Transactions at Hallador Energy

In related news, Director David C. Hardie sold 14,893 shares of Hallador Energy stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $13.02, for a total transaction of $193,906.86. Following the sale, the director now directly owns 2,091,926 shares in the company, valued at $27,236,876.52. The trade was a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 83,196 shares of company stock valued at $1,079,078. 32.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hallador Energy

Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Hallador Energy in the 2nd quarter worth approximately $78,000. CWM LLC lifted its position in Hallador Energy by 154.4% in the third 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 period. Quantinno Capital Management LP bought a new position in Hallador Energy during the 3rd quarter valued at $96,000. Exchange Traded Concepts LLC increased its position in shares of Hallador Energy by 66.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company's stock valued at $98,000 after purchasing an additional 4,132 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Hallador Energy in the 3rd quarter worth $100,000. 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.