Hallador Energy (NASDAQ:HNRG) Releases Earnings Results, Misses Estimates By $0.20 EPS

Hallador Energy (NASDAQ:HNRG) posted its quarterly earnings results on Monday. The energy company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.20), Zacks reports. Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. The business had revenue of $101.51 million during the quarter, compared to analysts’ expectations of $90.33 million.

Hallador Energy Stock Performance

Shares of HNRG stock traded up $1.12 during mid-day trading on Monday, reaching $15.88. 2,281,846 shares of the company were exchanged, compared to its average volume of 813,902. The business’s 50 day simple moving average is $16.54 and its 200 day simple moving average is $17.40. The company has a market capitalization of $748.42 million, a P/E ratio of 29.96 and a beta of 0.26. Hallador Energy has a fifty-two week low of $13.65 and a fifty-two week high of $24.70.

Insider Buying and Selling at Hallador Energy

In other news, Director Daniel Timothy Hudson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The stock was acquired at an average cost of $16.58 per share, for a total transaction of $82,900.00. Following the completion of the purchase, the director owned 20,000 shares of the company’s stock, valued at approximately $331,600. This trade represents a 33.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Ray Iv Wesley acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of $16.69 per share, with a total value of $250,350.00. Following the completion of the acquisition, the director owned 338,469 shares of the company’s stock, valued at $5,649,047.61. The trade was a 4.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 35,000 shares of company stock worth $589,170 over the last ninety days. 17.43% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Hallador Energy in the 2nd quarter worth approximately $27,000. Royal Bank of Canada raised its position in shares of Hallador Energy by 92.5% during the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 679 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,111 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Hallador Energy during the fourth quarter worth $44,000. Finally, Tower Research Capital LLC TRC lifted its stake in Hallador Energy by 294.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock worth $50,000 after purchasing an additional 2,374 shares during the last quarter. Institutional investors own 61.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen raised Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hallador Energy in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Hallador Energy currently has an average rating of “Moderate Buy” and a consensus target price of $26.62.

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.