Hallador Energy (NASDAQ:HNRG) Director David C. Hardie Sells 14,893 Shares

Hallador Energy (NASDAQ:HNRG) Director David C. Hardie sold 14,893 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $13.02, for a total transaction of $193,906.86. Following the sale, the director now directly owns 2,091,926 shares in the company, valued at approximately $27,236,876.52. The trade was a 0.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hallador Energy Trading Up 3.3 %

Shares of NASDAQ:HNRG opened at $13.34 on Friday. The stock’s 50-day simple moving average is $9.99 and its two-hundred day simple moving average is $8.10. The stock has a market capitalization of $568.55 million, a price-to-earnings ratio of -24.25 and a beta of 0.62. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $13.57. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. The company had revenue of $105.04 million for the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. During the same quarter last year, the firm posted $0.47 earnings per share. Analysts expect that Hallador Energy will post -0.31 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HNRG shares. StockNews.com downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th. B. Riley boosted their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new position in Hallador Energy in the 2nd quarter worth $2,197,000. ClariVest Asset Management LLC purchased a new stake in Hallador Energy in the second quarter worth about $735,000. Empyrean Capital Partners LP bought a new position in shares of Hallador Energy in the second quarter worth about $3,885,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Hallador Energy by 3,171.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock valued at $2,923,000 after buying an additional 364,750 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new position in shares of Hallador Energy during the 2nd quarter valued at about $318,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.