Hallador Energy (NASDAQ:HNRG) Issues Earnings Results

Hallador Energy (NASDAQ:HNRG) announced its quarterly earnings results on Tuesday. The energy company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.14, Zacks reports. Hallador Energy had a negative return on equity of 6.88% and a negative net margin of 4.85%. The firm had revenue of $105.04 million during the quarter, compared to analyst estimates of $117.10 million. During the same quarter in the previous year, the business earned $0.47 EPS.

Hallador Energy Trading Down 0.2 %

Shares of NASDAQ HNRG traded down $0.02 during trading on Thursday, reaching $13.11. The stock had a trading volume of 276,863 shares, compared to its average volume of 478,038. The business’s 50-day moving average price is $9.03 and its 200-day moving average price is $7.74. Hallador Energy has a fifty-two week low of $4.33 and a fifty-two week high of $13.57. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.16 and a current ratio of 0.53. The company has a market cap of $558.49 million, a P/E ratio of -24.36 and a beta of 0.62.

Insider Transactions at Hallador Energy

In other news, Director Charles Ray Iv Wesley acquired 5,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $5.76 per share, with a total value of $28,800.00. Following the transaction, the director now owns 159,302 shares in the company, valued at approximately $917,579.52. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Zarrell Thomas Gray bought 14,000 shares of the stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $6.36 per share, with a total value of $89,040.00. Following the completion of the acquisition, the director now directly owns 47,000 shares in the company, valued at approximately $298,920. The trade was a 0.00 % 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. Also, Director Charles Ray Iv Wesley bought 5,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were bought at an average price of $5.76 per share, for a total transaction of $28,800.00. Following the completion of the transaction, the director now directly owns 159,302 shares in the company, valued at approximately $917,579.52. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 51,000 shares of company stock valued at $308,840. 32.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HNRG has been the topic of several recent research reports. StockNews.com cut Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th. B. Riley increased their price objective on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday.

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.