Hallador Energy (NASDAQ:HNRG) Reaches New 12-Month High - What's Next?

Hallador Energy (NASDAQ:HNRG - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $14.79 and last traded at $14.50, with a volume of 798438 shares trading hands. The stock had previously closed at $14.27.

Wall Street Analysts Forecast Growth

HNRG has been the subject of a number of analyst reports. StockNews.com upgraded Hallador Energy from a "sell" rating to a "hold" rating in a research note on Monday, April 7th. B. Riley increased their target price on Hallador Energy from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st.

Hallador Energy Stock Up 1.6 %

The company has a market capitalization of $617.76 million, a PE ratio of -26.35 and a beta of 0.18. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $11.60 and its two-hundred day moving average is $11.46.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its earnings results on Monday, March 17th. The energy company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.01. The company had revenue of $94.80 million for the quarter, compared to the consensus estimate of $102.46 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. On average, analysts anticipate that Hallador Energy will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc lifted its position in Hallador Energy by 23.5% during the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock valued at $86,000 after purchasing an additional 1,435 shares during the last quarter. XTX Topco Ltd purchased a new position in Hallador Energy in the fourth quarter worth about $121,000. Quantinno Capital Management LP increased its stake in Hallador Energy by 17.0% during the fourth quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company's stock worth $136,000 after acquiring an additional 1,729 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Hallador Energy during the fourth quarter valued at approximately $156,000. Finally, Sage Investment Counsel LLC bought a new stake in shares of Hallador Energy in the 4th quarter valued at approximately $160,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

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.

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