Hallador Energy (NASDAQ:HNRG) Reaches New 52-Week Low – Here’s What Happened

Hallador Energy Company (NASDAQ:HNRG) hit a new 52-week low during mid-day trading on Friday. The company traded as low as $10.71 and last traded at $10.7130, with a volume of 320,077 shares trading hands. The stock had previously closed at $11.73.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Alliance Global Partners raised Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Zacks Research downgraded shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Northland Securities set a $27.00 price objective on Hallador Energy in a research note on Tuesday, October 6th. Wall Street Zen lowered shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings lowered shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Hallador Energy has a consensus rating of “Moderate Buy” and a consensus target price of $24.88.

Hallador Energy Price Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 0.72 and a quick ratio of 0.24. The business’s fifty day moving average price is $14.30 and its 200-day moving average price is $16.62. The stock has a market capitalization of $528.20 million, a price-to-earnings ratio of 557.50 and a beta of 0.45.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. The company had revenue of $101.51 million during the quarter, compared to analysts’ expectations of $90.33 million. On average, research analysts forecast that Hallador Energy Company will post -0.47 EPS for the current year.

Institutional Investors Weigh In On Hallador Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HNRG. Summit Securities Group LLC bought a new position in shares of Hallador Energy during the 1st quarter valued at approximately $31,000. State of Wyoming bought a new stake in shares of Hallador Energy in the 2nd quarter valued at about $32,000. Persistent Asset Partners Ltd purchased a new stake in Hallador Energy during the second quarter worth $42,000. Meeder Asset Management Inc. raised its position in shares of Hallador Energy by 71.0% in the 1st quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company’s stock worth $64,000 after acquiring an additional 1,631 shares in the last quarter. Finally, Byrne Asset Management LLC raised its holdings in Hallador Energy by 23.5% in the third quarter. Byrne Asset Management LLC now owns 9,620 shares of the energy company’s stock worth $130,000 after purchasing an additional 1,830 shares in the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.

About Hallador Energy

Hallador Energy Company (NASDAQ:HNRG) is an energy company focused primarily on the production and sale of thermal coal. Through its subsidiaries, the company operates coal mining assets in the Illinois Basin, supplying coal to electric power generators and other utility customers.

Hallador’s principal operations have included Sunrise Coal, which manages underground and surface mining activities in Indiana. The company’s coal products are used mainly for electricity generation, with sales serving utility markets in the Midwestern United States.

In addition to coal mining, Hallador has expanded into power generation through its ownership of the Merom Generating Station in Indiana.