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

Hallador Energy Company (NASDAQ:HNRG) was the target of some unusual options trading activity on Wednesday. Investors acquired 6,448 call options on the stock. This is an increase of approximately 302% compared to the average volume of 1,605 call options.

Hallador Energy Stock Performance

Shares of HNRG stock opened at $22.72 on Thursday. The company has a market capitalization of $977.19 million, a P/E ratio of -4.55 and a beta of 0.44. Hallador Energy has a fifty-two week low of $8.37 and a fifty-two week high of $24.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.67. The stock has a 50 day moving average price of $19.68 and a two-hundred day moving average price of $17.66.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Monday, November 10th. The energy company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.49. The business had revenue of $146.85 million during the quarter, compared to analysts’ expectations of $110.92 million. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. Analysts expect that Hallador Energy will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Alliance Global Partners reiterated a “buy” rating on shares of Hallador Energy in a research report on Tuesday. Wall Street Zen upgraded shares of Hallador Energy from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Citigroup cut Hallador Energy to a “neutral” rating in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hallador Energy in a research note on Wednesday, October 8th. Finally, Industrial Alliance Securities set a $28.00 price objective on Hallador Energy in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.25.

Insiders Place Their Bets

In related news, Director David C. Hardie sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $19.53, for a total transaction of $1,953,000.00. Following the transaction, the director directly owned 21,072 shares of the company’s stock, valued at $411,536.16. This trade represents a 82.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charles Ray Iv Wesley acquired 20,000 shares of Hallador Energy stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $15.27 per share, with a total value of $305,400.00. Following the purchase, the director directly owned 234,914 shares in the company, valued at approximately $3,587,136.78. This trade represents a 9.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 372,062 shares of company stock valued at $7,232,705 over the last three months. 23.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hallador Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Hallador Energy by 4.0% in the first quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company’s stock valued at $20,797,000 after acquiring an additional 65,652 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Hallador Energy by 10.6% in the 3rd quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock worth $23,188,000 after purchasing an additional 113,547 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of Hallador Energy during the 2nd quarter valued at about $18,735,000. Apis Capital Advisors LLC increased its position in shares of Hallador Energy by 20.3% during the first quarter. Apis Capital Advisors LLC now owns 1,079,935 shares of the energy company’s stock valued at $13,262,000 after buying an additional 181,935 shares during the period. Finally, CenterBook Partners LP raised its stake in Hallador Energy by 2,371.9% in the second quarter. CenterBook Partners LP now owns 786,671 shares of the energy company’s stock worth $12,453,000 after buying an additional 754,846 shares in the last quarter. Institutional investors 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.