Hallador Energy (NASDAQ:HNRG) Sees Large Volume Increase - What's Next?

Hallador Energy (NASDAQ:HNRG - Get Free Report) saw an uptick in trading volume on Tuesday . 137,858 shares traded hands during mid-day trading, a decline of 47% from the previous session's volume of 259,912 shares.The stock last traded at $12.35 and had previously closed at $11.45.

Analyst Ratings Changes

HNRG has been the subject of several recent analyst reports. Alliance Global Partners began coverage on Hallador Energy in a report on Monday, December 9th. They set a "buy" rating and a $17.00 price objective for the company. B. Riley raised their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th.

Hallador Energy Stock Up 7.2 %

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 moving average of $11.69 and a two-hundred day moving average of $9.14. The company has a market cap of $523.34 million, a P/E ratio of -22.33 and a beta of 0.71.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.85% and a negative return on equity of 6.71%. The firm had revenue of $105.04 million during the quarter, compared to analyst estimates of $117.10 million. During the same period in the previous year, the business posted $0.47 EPS. On average, research analysts anticipate that Hallador Energy will post -0.31 EPS for the current fiscal year.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 23,604 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $13.11, for a total value of $309,448.44. Following the completion of the transaction, the director now owns 2,106,819 shares in the company, valued at approximately $27,620,397.09. This represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 104,524 shares of company stock worth $1,356,743 over the last quarter. Corporate insiders own 32.30% of the company's stock.

Institutional Trading of Hallador Energy

A number of hedge funds and other institutional investors have recently modified their holdings of HNRG. Barclays PLC boosted its stake in Hallador Energy by 272.9% during the third quarter. Barclays PLC now owns 33,131 shares of the energy company's stock worth $312,000 after acquiring an additional 24,247 shares in the last quarter. Geode Capital Management LLC boosted its position 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 purchasing an additional 27,093 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Hallador Energy in the 3rd quarter worth approximately $251,000. Wolverine Trading LLC increased its position in 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 buying an additional 31,288 shares in the last quarter. Finally, State Street Corp raised its stake in Hallador Energy by 1.5% during the third 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. 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.