Hallador Energy (NASDAQ:HNRG) Shares Pass Above 200-Day Moving Average – Time to Sell?

Hallador Energy Company (NASDAQ:HNRG) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.24 and traded as high as $23.44. Hallador Energy shares last traded at $22.30, with a volume of 590,868 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HNRG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hallador Energy in a report on Wednesday, October 8th. Industrial Alliance Securities set a $28.00 target price on Hallador Energy in a research note on Tuesday, November 11th. Wall Street Zen raised Hallador Energy from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Zacks Research raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Finally, Alliance Global Partners restated a “buy” rating on shares of Hallador Energy in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

Hallador Energy Price Performance

The company has a 50-day moving average of $20.54 and a 200 day moving average of $18.24. The company has a quick ratio of 0.31, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $977.41 million, a PE ratio of -4.98 and a beta of 0.34.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, November 10th. The energy company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.06 by $0.49. Hallador Energy had a positive return on equity of 33.97% and a negative net margin of 37.57%.The firm had revenue of $146.85 million during the quarter, compared to analysts’ expectations of $110.92 million. Sell-side analysts predict that Hallador Energy Company will post -0.31 EPS for the current year.

Insider Activity

In other news, Director Charles Ray Iv Wesley purchased 13,000 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was acquired at an average price of $19.28 per share, with a total value of $250,640.00. Following the purchase, the director directly owned 247,914 shares in the company, valued at approximately $4,779,781.92. This represents a 5.53% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David C. Hardie sold 100,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $19.53, for a total value of $1,953,000.00. Following the sale, the director directly owned 21,072 shares of the company’s stock, valued at approximately $411,536.16. This trade represents a 82.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 372,062 shares of company stock worth $7,232,705 over the last quarter. 23.73% of the stock is currently owned by company insiders.

Institutional Trading of Hallador Energy

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Hallador Energy during the 3rd quarter worth approximately $32,000. Raymond James Financial Inc. purchased a new stake in shares of Hallador Energy during the 2nd quarter worth $27,000. EverSource Wealth Advisors LLC lifted its position in shares of Hallador Energy by 11,110.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,111 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Hallador Energy by 68.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock worth $50,000 after purchasing an additional 1,283 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Hallador Energy by 294.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock valued at $50,000 after buying an additional 2,374 shares during the last quarter. 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.