Hallador Energy (NASDAQ:HNRG) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Hallador Energy Company (NASDAQ:HNRG) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.86 and traded as high as $20.37. Hallador Energy shares last traded at $20.10, with a volume of 481,168 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wall Street Zen raised Hallador Energy from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Industrial Alliance Securities set a $28.00 target price on Hallador Energy in a research report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.67.

Hallador Energy Price Performance

The stock has a market cap of $880.98 million, a P/E ratio of -4.49 and a beta of 0.26. The business has a 50 day simple moving average of $19.87 and a 200-day simple moving average of $18.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.31 and a current ratio of 0.66.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly 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 company had revenue of $146.85 million for the quarter, compared to the consensus estimate 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, sell-side analysts forecast that Hallador Energy Company will post -0.31 EPS for the current year.

Insider Activity

In related news, Director Charles Ray Iv Wesley purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average price of $17.83 per share, with a total value of $356,600.00. Following the acquisition, the director owned 267,914 shares of the company’s stock, valued at $4,776,906.62. This trade represents a 8.07% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 23.73% of the stock is currently owned by insiders.

Institutional Trading of Hallador Energy

Several hedge funds have recently made changes to their positions in HNRG. AQR Capital Management LLC lifted its position in shares of Hallador Energy by 1.9% during the 1st quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock valued at $1,271,000 after buying an additional 1,950 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Hallador Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock valued at $187,000 after acquiring an additional 624 shares during the period. Millennium Management LLC lifted its holdings in Hallador Energy by 1,233.6% during the first quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock valued at $5,975,000 after purchasing an additional 450,049 shares during the last quarter. Empowered Funds LLC boosted its position in Hallador Energy by 5.5% during the first quarter. Empowered Funds LLC now owns 246,106 shares of the energy company’s stock worth $3,022,000 after purchasing an additional 12,921 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of Hallador Energy in the first quarter worth about $807,000. 61.38% of the stock is currently owned by institutional investors.

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.