Hallador Energy (NASDAQ:HNRG) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Hallador Energy Company (NASDAQ:HNRG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.56 and traded as high as $19.54. Hallador Energy shares last traded at $19.09, with a volume of 464,401 shares traded.

Wall Street Analyst Weigh In

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

Hallador Energy Trading Down 1.5%

The business’s 50-day moving average price is $20.19 and its 200-day moving average price is $18.56. The firm has a market capitalization of $836.71 million, a PE ratio of -4.26 and a beta of 0.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.31.

Hallador Energy (NASDAQ:HNRG) last released 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 negative net margin of 37.57% and a positive return on equity of 33.97%. The firm had revenue of $146.85 million during the quarter, compared to the consensus estimate of $110.92 million. As a group, analysts expect that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Charles Ray Iv Wesley acquired 20,000 shares of Hallador Energy stock in a transaction on Wednesday, December 17th. The stock was purchased at an average cost of $17.83 per share, with a total value of $356,600.00. Following the purchase, the director directly owned 267,914 shares in the company, valued at approximately $4,776,906.62. The trade was a 8.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 23.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hallador Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock worth $187,000 after purchasing an additional 624 shares during the period. Rhumbline Advisers lifted its stake in shares of Hallador Energy by 2.5% in the 1st quarter. Rhumbline Advisers now owns 37,607 shares of the energy company’s stock worth $462,000 after acquiring an additional 935 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of Hallador Energy by 1.0% in the second quarter. SummerHaven Investment Management LLC now owns 107,766 shares of the energy company’s stock valued at $1,706,000 after acquiring an additional 1,016 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Hallador Energy by 68.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock valued at $50,000 after acquiring an additional 1,283 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Hallador Energy during the third quarter worth about $32,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

Hallador Energy Company Profile

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.