Hallador Energy Target of Unusually Large Options Trading (NASDAQ:HNRG)

Hallador Energy (NASDAQ:HNRG - Get Free Report) was the recipient of some unusual options trading activity on Monday. Stock traders bought 3,454 call options on the stock. This represents an increase of approximately 132% compared to the average daily volume of 1,490 call options.

Hallador Energy Price Performance

HNRG traded up $0.20 during midday trading on Friday, reaching $12.78. 1,026,349 shares of the company's stock were exchanged, compared to its average volume of 513,139. The business's 50-day moving average price is $10.98 and its 200 day moving average price is $10.53. The stock has a market capitalization of $544.65 million, a PE ratio of -23.24 and a beta of 0.55. Hallador Energy has a 1-year low of $4.33 and a 1-year high of $14.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The energy company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.01. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The firm had revenue of $94.80 million during the quarter, compared to analysts' expectations of $102.46 million. As a group, equities analysts anticipate that Hallador Energy will post -0.31 EPS for the current fiscal year.

Remove Ads

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HNRG. Alliance Global Partners began coverage on shares of Hallador Energy in a research note on Monday, December 9th. They set a "buy" rating and a $17.00 price target on the stock. StockNews.com upgraded Hallador Energy to a "sell" rating in a research report on Friday.

Institutional Trading of Hallador Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in shares of Hallador Energy by 23.5% during the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock worth $86,000 after purchasing an additional 1,435 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in Hallador Energy in the 3rd quarter worth about $96,000. Janus Henderson Group PLC purchased a new stake in Hallador Energy in the 3rd quarter valued at about $119,000. XTX Topco Ltd acquired a new position in shares of Hallador Energy during the 4th quarter valued at about $121,000. Finally, Intech Investment Management LLC purchased a new position in shares of Hallador Energy during the 4th quarter worth about $156,000. 61.38% of the stock is owned by hedge funds and other 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.