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

Hallador Energy Company (NASDAQ:HNRG) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.43 and traded as high as $19.54. Hallador Energy shares last traded at $19.29, with a volume of 243,156 shares changing hands.

Wall Street Analysts Forecast Growth

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

Hallador Energy Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.31 and a current ratio of 0.66. The company’s 50 day moving average price is $20.31 and its 200-day moving average price is $18.43. The company has a market cap of $845.48 million, a price-to-earnings ratio of -4.31 and a beta of 0.34.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Monday, November 10th. The energy company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.49. The firm 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 37.57% and a positive return on equity of 33.97%. On average, equities research analysts forecast that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Charles Ray Iv Wesley bought 20,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were bought at an average cost of $17.83 per share, with a total value of $356,600.00. Following the completion of the transaction, the director directly owned 267,914 shares of the company’s stock, valued at approximately $4,776,906.62. This trade represents a 8.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 23.73% of the stock is owned by insiders.

Hedge Funds Weigh In On Hallador Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. acquired a new stake in Hallador Energy during the 2nd quarter worth about $18,735,000. CenterBook Partners LP increased its position in shares of 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 acquiring an additional 754,846 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Hallador Energy by 1,745.5% during the third quarter. Millennium Management LLC now owns 525,080 shares of the energy company’s stock valued at $10,276,000 after acquiring an additional 496,628 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Hallador Energy in the 2nd quarter valued at approximately $6,910,000. Finally, Acadian Asset Management LLC lifted its position in shares of Hallador Energy by 546.8% in the 2nd quarter. Acadian Asset Management LLC now owns 425,584 shares of the energy company’s stock valued at $6,735,000 after acquiring an additional 359,789 shares in the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.