Hallador Energy (NASDAQ:HNRG) Shares Cross Above 200-Day Moving Average - Here's What Happened

Hallador Energy (NASDAQ:HNRG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.93 and traded as high as $11.27. Hallador Energy shares last traded at $11.17, with a volume of 152,803 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HNRG. B. Riley increased 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 assumed coverage on Hallador Energy in a research report on Monday, December 9th. They issued a "buy" rating and a $17.00 price objective for the company.

Hallador Energy Stock Down 0.3 %

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 firm's 50-day moving average price is $11.50 and its 200 day moving average price is $8.96. The firm has a market capitalization of $474.75 million, a price-to-earnings ratio of -20.25 and a beta of 0.69.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its earnings results on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $117.10 million. During the same quarter in the prior year, the firm earned $0.47 EPS. Sell-side analysts expect that Hallador Energy will post -0.31 EPS for the current year.

Insider Activity at Hallador Energy

In related news, Director David C. Hardie sold 44,699 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 2,130,423 shares in the company, valued at approximately $27,439,848.24. This trade represents a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 104,524 shares of company stock valued at $1,356,743. 32.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HNRG. The Manufacturers Life Insurance Company acquired a new position in shares of Hallador Energy during the 2nd quarter valued at about $78,000. CWM LLC increased its position in Hallador Energy by 154.4% during 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 last quarter. Quantinno Capital Management LP purchased a new position in Hallador Energy during the third quarter worth approximately $96,000. Exchange Traded Concepts LLC boosted its holdings in shares of Hallador Energy by 66.4% in 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 last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Hallador Energy during the 3rd quarter worth $100,000. Hedge funds and other 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.