Hallador Energy (NASDAQ:HNRG) Stock Passes Above 200 Day Moving Average - What's Next?

Shares of Hallador Energy (NASDAQ:HNRG - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.39 and traded as high as $12.84. Hallador Energy shares last traded at $12.70, with a volume of 259,439 shares traded.

Analysts Set New Price Targets

HNRG has been the topic of a number of research analyst reports. B. Riley raised their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Alliance Global Partners began coverage on Hallador Energy in a research note on Monday, December 9th. They issued a "buy" rating and a $17.00 price target on the stock.

Hallador Energy Stock Performance

The stock's 50-day moving average price is $12.11 and its 200 day moving average price is $9.42. 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 has a market cap of $540.42 million, a P/E ratio of -23.05 and a beta of 0.71.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $117.10 million. During the same period in the previous year, the business earned $0.47 EPS. As a group, equities analysts predict that Hallador Energy will post -0.31 EPS for the current year.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 18,775 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $13.02, for a total value of $244,450.50. Following the completion of the transaction, the director now directly owns 2,022,713 shares in the company, valued at $26,335,723.26. This trade represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 104,524 shares of company stock valued at $1,356,743. 32.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Hallador Energy

Several large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in Hallador Energy by 4.2% during the third quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company's stock worth $6,346,000 after buying an additional 27,093 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Hallador Energy by 7.6% during the 2nd quarter. American Century Companies Inc. now owns 555,879 shares of the energy company's stock worth $4,319,000 after purchasing an additional 39,032 shares during the last quarter. State Street Corp increased its stake in shares of Hallador Energy by 1.5% during the 3rd quarter. State Street Corp now owns 525,123 shares of the energy company's stock worth $4,952,000 after purchasing an additional 7,764 shares during the last quarter. Empyrean Capital Partners LP bought a new stake in shares of Hallador Energy in the 2nd quarter valued at about $3,885,000. Finally, Taconic Capital Advisors LP acquired a new stake in Hallador Energy in the 3rd quarter valued at about $4,147,000. 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.