Hallador Energy (NASDAQ:HNRG) Sets New 12-Month High - Should You Buy?

Shares of Hallador Energy (NASDAQ:HNRG - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $14.22 and last traded at $13.98, with a volume of 1454415 shares. The stock had previously closed at $13.19.

Analyst Ratings Changes

Several equities research analysts have issued reports on HNRG shares. StockNews.com upgraded shares of Hallador Energy from a "sell" rating to a "hold" rating in a research report on Monday, April 7th. B. Riley lifted their price objective on Hallador Energy from $13.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, April 1st.

Hallador Energy Trading Up 2.8 %

The firm's 50-day simple moving average is $11.42 and its 200 day simple moving average is $11.38. The firm has a market capitalization of $612.44 million, a price-to-earnings ratio of -26.13 and a beta of 0.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The energy company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $94.80 million during 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%. Equities analysts expect that Hallador Energy will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Hallador Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nebula Research & Development LLC raised its position in Hallador Energy by 3.0% during the 4th quarter. Nebula Research & Development LLC now owns 31,176 shares of the energy company's stock worth $357,000 after purchasing an additional 906 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Hallador Energy by 2.5% in the first quarter. Rhumbline Advisers now owns 37,607 shares of the energy company's stock valued at $462,000 after buying an additional 935 shares during the period. SummerHaven Investment Management LLC raised its position in shares of Hallador Energy by 1.3% during the first quarter. SummerHaven Investment Management LLC now owns 106,750 shares of the energy company's stock worth $1,311,000 after acquiring an additional 1,340 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Hallador Energy by 23.5% in the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock worth $86,000 after acquiring an additional 1,435 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in Hallador Energy by 17.0% in the fourth quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company's stock valued at $136,000 after acquiring an additional 1,729 shares during the last quarter. Institutional investors 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.