Hallador Energy (NASDAQ:HNRG - Get Free Report) shot up 3.7% during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $12.73 and last traded at $11.90. 398,169 shares were traded during trading, a decline of 22% from the average session volume of 507,377 shares. The stock had previously closed at $11.48.
The energy company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $94.80 million for the quarter, compared to analysts' expectations of $102.46 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%.
Analyst Upgrades and Downgrades
Separately, Alliance Global Partners initiated coverage on shares of Hallador Energy in a research report on Monday, December 9th. They issued a "buy" rating and a $17.00 price objective on the stock.
Get Our Latest Stock Report on HNRG
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of HNRG. Legal & General Group Plc grew its position in Hallador Energy by 23.5% during the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock valued at $86,000 after acquiring an additional 1,435 shares during the last quarter. Quantinno Capital Management LP bought a new position in Hallador Energy during the third quarter valued at approximately $96,000. Janus Henderson Group PLC bought a new position in Hallador Energy during the third quarter valued at approximately $119,000. XTX Topco Ltd bought a new position in Hallador Energy during the fourth quarter valued at approximately $121,000. Finally, Intech Investment Management LLC bought a new position in Hallador Energy during the fourth quarter valued at approximately $156,000. 61.38% of the stock is currently owned by institutional investors.
Hallador Energy Price Performance
The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The business's 50-day simple moving average is $10.97 and its 200 day simple moving average is $10.52. The firm has a market capitalization of $512.68 million, a P/E ratio of -21.87 and a beta of 0.55.
About Hallador Energy
(
Get Free Report)
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.
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