Hallador Energy (NASDAQ:HNRG) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Hallador Energy (NASDAQ:HNRG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.93 and traded as high as $11.27. Hallador Energy shares last traded at $11.17, with a volume of 152,803 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HNRG. B. Riley boosted their price objective on 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 began coverage on shares of Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 price target on the stock.

Hallador Energy Stock Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The firm has a market capitalization of $476.07 million, a price-to-earnings ratio of -20.31 and a beta of 0.69. The firm has a 50 day moving average price of $11.46 and a 200-day moving average price of $8.93.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $105.04 million for the quarter, compared to analyst estimates of $117.10 million. During the same period in the prior year, the firm earned $0.47 earnings per share. As a group, sell-side analysts expect that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In other news, Director David C. Hardie sold 2,553 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $13.01, for a total value of $33,214.53. Following the completion of the transaction, the director now owns 2,041,488 shares in the company, valued at approximately $26,559,758.88. This represents a 0.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 104,524 shares of company stock valued at $1,356,743. Insiders own 32.30% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

Several large investors have recently bought and sold shares of HNRG. Bank of New York Mellon Corp increased its position in shares of Hallador Energy by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company’s stock worth $1,427,000 after purchasing an additional 3,017 shares in the last quarter. Rhumbline Advisers increased its position in Hallador Energy by 16.1% during the second quarter. Rhumbline Advisers now owns 37,757 shares of the energy company’s stock worth $293,000 after buying an additional 5,241 shares during the period. ClariVest Asset Management LLC purchased a new stake in Hallador Energy in the second quarter valued at approximately $735,000. American Century Companies Inc. boosted its holdings in shares of Hallador Energy by 7.6% in the second quarter. American Century Companies Inc. now owns 555,879 shares of the energy company’s stock valued at $4,319,000 after acquiring an additional 39,032 shares during the period. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of Hallador Energy during the second quarter worth approximately $584,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

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.