Hallador Energy (NASDAQ:HNRG) Share Price Passes Above 200-Day Moving Average - Here's Why

Shares of Hallador Energy (NASDAQ:HNRG - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.73 and traded as high as $11.04. Hallador Energy shares last traded at $10.96, with a volume of 202,154 shares changing hands.

Analyst Ratings Changes

Several analysts recently weighed in on HNRG shares. B. Riley raised their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Alliance Global Partners assumed coverage on shares of Hallador Energy in a research note on Monday, December 9th. They set a "buy" rating and a $17.00 target price for the company.

Hallador Energy Stock Performance

The firm's fifty day moving average price is $11.78 and its 200-day moving average price is $9.77. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. The firm has a market cap of $458.59 million, a price-to-earnings ratio of -19.56 and a beta of 0.66.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its quarterly earnings data 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 company had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Analysts expect that Hallador Energy will post -0.31 earnings per share for the current year.

Insiders Place Their Bets

In other Hallador Energy news, Director David C. Hardie sold 18,775 shares of Hallador Energy stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.02, for a total value of $244,450.50. Following the transaction, the director now directly owns 2,022,713 shares in the company, valued at approximately $26,335,723.26. The trade was a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 104,524 shares of company stock valued at $1,356,743 over the last quarter. Company insiders own 32.30% of the company's stock.

Hedge Funds Weigh In On Hallador Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in HNRG. CWM LLC lifted its position in Hallador Energy by 154.4% during the 3rd quarter. CWM LLC now owns 8,227 shares of the energy company's stock worth $78,000 after acquiring an additional 4,993 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Hallador Energy during the second quarter worth approximately $78,000. Quantinno Capital Management LP acquired a new stake in shares of Hallador Energy during the third quarter worth $96,000. Exchange Traded Concepts LLC grew its position in 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 buying an additional 4,132 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Hallador Energy in the 3rd quarter valued at $100,000. Hedge funds and other institutional investors own 61.38% of the company's stock.

About Hallador Energy

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.