Hallador Energy (NASDAQ:HNRG) Shares Gap Up - Should You Buy?

Hallador Energy (NASDAQ:HNRG - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $11.45, but opened at $11.85. Hallador Energy shares last traded at $11.84, with a volume of 60,634 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HNRG. Alliance Global Partners initiated coverage on Hallador Energy in a research note on Monday, December 9th. They issued a "buy" rating and a $17.00 target price on the stock. B. Riley upped their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th.

Hallador Energy Trading Up 2.1 %

The stock has a 50 day moving average of $11.64 and a 200 day moving average of $9.06. 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 $498.19 million, a P/E ratio of -21.25 and a beta of 0.68.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.14. The firm had revenue of $105.04 million for the quarter, compared to analyst estimates of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same period in the prior year, the company earned $0.47 EPS. As a group, equities research analysts predict that Hallador Energy will post -0.31 EPS for the current year.

Insiders Place Their Bets

In related news, Director David C. Hardie sold 18,775 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.02, for a total transaction of $244,450.50. Following the transaction, the director now owns 2,022,713 shares of the company's stock, valued at approximately $26,335,723.26. This trade represents a 0.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 104,524 shares of company stock valued at $1,356,743. 32.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Hallador Energy

Hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company purchased a new position in shares of Hallador Energy in the second quarter worth about $78,000. CWM LLC increased its stake in Hallador Energy by 154.4% in the 3rd 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 period. Quantinno Capital Management LP bought a new stake in Hallador Energy in the third quarter valued at approximately $96,000. Exchange Traded Concepts LLC lifted its position in Hallador Energy by 66.4% in the third 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 purchased a new stake in shares of Hallador Energy during the third quarter valued at approximately $100,000. 61.38% of the stock is owned by 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.