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

Shares of Hallador Energy Company (NASDAQ:HNRG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.29 and traded as high as $19.47. Hallador Energy shares last traded at $18.66, with a volume of 315,206 shares.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hallador Energy in a research report on Thursday, January 22nd. Wall Street Zen raised Hallador Energy from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. iA Financial set a $28.00 target price on Hallador Energy in a research note on Tuesday, November 11th. Zacks Research lowered shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Hallador Energy in a research note on Tuesday, November 11th. One 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.67.

Hallador Energy Stock Down 1.6%

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.31. The stock’s fifty day simple moving average is $19.46 and its 200-day simple moving average is $19.29. The stock has a market cap of $817.87 million, a P/E ratio of -4.17 and a beta of 0.23.

Insider Transactions at Hallador Energy

In other news, Director Charles Ray Iv Wesley acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of $17.83 per share, with a total value of $356,600.00. Following the acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.73% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in shares of Hallador Energy by 1.9% during the first 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% during 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 in the last quarter. Millennium Management LLC boosted its position in Hallador Energy by 1,233.6% during the 1st quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock worth $5,975,000 after acquiring an additional 450,049 shares during the period. Empowered Funds LLC grew its stake in shares of Hallador Energy by 5.5% in 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 in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Hallador Energy during the first quarter valued at $807,000. Institutional investors 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.