Hallador Energy (NASDAQ:HNRG) Stock Price Up 7% - Should You Buy?

Hallador Energy (NASDAQ:HNRG - Get Free Report) shares traded up 7% during mid-day trading on Thursday . The company traded as high as $12.11 and last traded at $12.10. 176,820 shares traded hands during trading, a decline of 60% from the average session volume of 442,170 shares. The stock had previously closed at $11.31.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Alliance Global Partners assumed coverage on shares of Hallador Energy in a report on Monday, December 9th. They set a "buy" rating and a $17.00 price objective for the company. B. Riley increased their target price on Hallador Energy from $9.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th.

Hallador Energy Stock Down 10.4 %

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 stock has a market capitalization of $468.39 million, a P/E ratio of -19.98 and a beta of 0.66. The business has a 50-day moving average price of $11.53 and a 200 day moving average price of $9.98.

Insider Buying and Selling

In related news, Director David C. Hardie sold 18,775 shares of the firm's stock in a transaction 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.30% of the stock is owned by corporate insiders.

Institutional Trading of Hallador Energy

A number of institutional investors have recently bought and sold shares of HNRG. SG Americas Securities LLC bought a new stake in Hallador Energy in the third quarter worth $100,000. CWM LLC lifted its position in shares of 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. Oppenheimer Asset Management Inc. lifted its position in shares of Hallador Energy by 108.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 22,556 shares of the energy company's stock worth $213,000 after purchasing an additional 11,750 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Hallador Energy by 5.3% during the third quarter. Empowered Funds LLC now owns 221,897 shares of the energy company's stock worth $2,092,000 after purchasing an additional 11,256 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new stake in shares of Hallador Energy during the third quarter worth $351,000. 61.38% of the stock is currently owned by institutional investors.

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.