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

Hallador Energy (NASDAQ:HNRG - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.47 and traded as high as $9.45. Hallador Energy shares last traded at $8.90, with a volume of 637,242 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Hallador Energy from a "hold" rating to a "sell" rating in a report on Sunday, August 18th.

Hallador Energy Trading Up 1.2 %

The business has a fifty day moving average price of $8.50 and a two-hundred day moving average price of $7.50. The company has a current ratio of 0.53, a quick ratio of 0.16 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $383.38 million, a PE ratio of -60.00 and a beta of 0.62.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.19). Hallador Energy had a negative net margin of 1.25% and a negative return on equity of 1.48%. The company had revenue of $90.91 million for the quarter, compared to analyst estimates of $108.00 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. Analysts expect that Hallador Energy will post -0.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Charles Ray Iv Wesley bought 25,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the acquisition, the director now directly owns 184,302 shares of the company's stock, valued at $1,100,282.94. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other Hallador Energy news, Director Charles Ray Iv Wesley bought 25,000 shares of Hallador Energy stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the acquisition, the director now directly owns 184,302 shares in the company, valued at $1,100,282.94. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Zarrell Thomas Gray purchased 14,000 shares of the company's stock in a transaction on Monday, August 26th. The stock was acquired at an average price of $6.36 per share, with a total value of $89,040.00. Following the purchase, the director now owns 47,000 shares of the company's stock, valued at approximately $298,920. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 61,000 shares of company stock worth $363,840 over the last ninety days. Corporate insiders own 32.30% of the company's stock.

Hedge Funds Weigh In On Hallador Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norden Group LLC acquired a new position in Hallador Energy during the 1st quarter worth approximately $55,000. Principal Financial Group Inc. purchased a new position in Hallador Energy in the first quarter valued at $71,000. The Manufacturers Life Insurance Company purchased a new stake in Hallador Energy during the second quarter worth approximately $78,000. CWM LLC lifted its position in shares of 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 buying an additional 4,993 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of 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 in the last quarter. 61.38% of the stock is owned by institutional investors and hedge funds.

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.