Hallador Energy (NASDAQ:HNRG) Shares Gap Down Following Weak Earnings

Hallador Energy Company (NASDAQ:HNRG)’s stock price gapped down prior to trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $15.88, but opened at $15.01. Hallador Energy shares last traded at $15.4680, with a volume of 177,901 shares trading hands.

The energy company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%.The company had revenue of $101.51 million during the quarter, compared to the consensus estimate of $90.33 million.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HNRG. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, June 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Hallador Energy in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.62.

Insider Activity at Hallador Energy

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

Institutional Investors Weigh In On Hallador Energy

Several large investors have recently bought and sold shares of the business. Galaxy Digital Inc. bought a new position in Hallador Energy in the first quarter worth approximately $1,628,000. Monashee Investment Management LLC purchased a new position in Hallador Energy in the first quarter valued at about $1,465,000. Empyrean Capital Partners LP bought a new position in shares of Hallador Energy during the 1st quarter worth approximately $8,140,000. Dimensional Fund Advisors LP lifted its position in Hallador Energy by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company’s stock valued at $16,658,000 after acquiring an additional 109,781 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Hallador Energy during the first quarter valued at approximately $2,351,000. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Stock Down 0.0%

The company has a market capitalization of $748.19 million, a price-to-earnings ratio of 29.95 and a beta of 0.25. The company’s 50 day simple moving average is $16.48 and its two-hundred day simple moving average is $17.37.

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.