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

Hallador Energy Company (NASDAQ:HNRG)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.19 and traded as high as $21.33. Hallador Energy shares last traded at $20.49, with a volume of 590,720 shares.

Analyst Upgrades and Downgrades

HNRG has been the subject of a number of analyst reports. iA Financial set a $28.00 price target on Hallador Energy in a research report on Tuesday, November 11th. Zacks Research lowered shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a report on Thursday, January 22nd. Alliance Global Partners reissued a “buy” rating on shares of Hallador Energy in a research note on Tuesday, November 11th. Finally, Wall Street Zen upgraded Hallador Energy from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.67.

Hallador Energy Stock Performance

The company has a current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $898.08 million, a PE ratio of -4.57 and a beta of 0.23. The firm’s 50-day simple moving average is $19.60 and its 200-day simple moving average is $19.19.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, November 10th. The energy company reported $0.55 earnings per share 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. On average, research analysts predict that Hallador Energy Company will post -0.31 earnings per share for the current year.

Insider Activity

In other news, Director Charles Ray Iv Wesley purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average price of $17.83 per share, for a total transaction of $356,600.00. Following the completion of the purchase, the director owned 267,914 shares in the company, valued at approximately $4,776,906.62. This represents a 8.07% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 23.73% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of Hallador Energy in the 2nd quarter valued at about $27,000. State of Alaska Department of Revenue purchased a new position in Hallador Energy during the third quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its stake in Hallador Energy by 11,110.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after buying an additional 2,111 shares in the last quarter. USA Financial Formulas purchased a new stake in Hallador Energy during the fourth quarter worth $42,000. Finally, Ameritas Investment Partners Inc. boosted its position in Hallador Energy by 68.0% during the 2nd 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. 61.38% of the stock is currently owned by institutional investors.

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.