Hallador Energy (NASDAQ:HNRG) Stock Jumps 7.8% – Should You Buy?

Hallador Energy Company (NASDAQ:HNRG)’s stock price was up 7.8% during trading on Tuesday. The stock traded as high as $15.06 and last traded at $15.0340. 373,100 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 787,389 shares. The stock had previously closed at $13.95.

Key Stories Impacting Hallador Energy

Here are the key news stories impacting Hallador Energy this week:

• Positive Sentiment: Hallador Power entered six-year capacity and energy agreements with an investment-grade utility in MISO Zone 6 for electricity from the Merom Generating Station. The contracts cover June 2029 through May 2035, require no regulatory approval, and represent approximately $700 million in contracted sales. Management said the deal’s record pricing increases Hallador’s forward contracted sales to about $3 billion, improving long-term revenue visibility and supporting the stock’s advance. Hallador Executes $700M Sale, Record Price Lifts Forward Sales to $3 Billion
• Positive Sentiment: The agreements provide Hallador with long-duration contracted demand and potentially reduce exposure to volatile power prices, coal-market conditions, and plant utilization rates. Hallador Energy Secures Major Long-Term Power Contracts

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HNRG. Weiss Ratings lowered shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, August 18th. Zacks Research cut Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Alliance Global Partners upgraded Hallador Energy to a “strong-buy” rating in a report on Friday, August 14th. Northland Securities set a $27.00 price objective on Hallador Energy in a research note on Tuesday. Finally, Wall Street Zen lowered Hallador Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.88.

Hallador Energy Stock Performance

The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. The firm has a 50-day simple moving average of $15.31 and a 200 day simple moving average of $16.37. The company has a market cap of $704.04 million, a price-to-earnings ratio of 746.75 and a beta of 0.45.

Hallador Energy (NASDAQ:HNRG) last posted 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 net margin of 0.20% and a negative return on equity of 0.52%. The company had revenue of $101.51 million for the quarter, compared to analysts’ expectations of $90.33 million. On average, sell-side analysts predict that Hallador Energy Company will post -0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors have recently added to or reduced their stakes in HNRG. 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 valued at $130,000 after buying an additional 1,830 shares during the period. Squarepoint Ops LLC increased its holdings in shares of Hallador Energy by 155.3% in the 2nd quarter. Squarepoint Ops LLC now owns 215,999 shares of the energy company’s stock valued at $3,756,000 after acquiring an additional 131,390 shares during the last quarter. Value Aligned Research Advisors LLC acquired a new position in shares of Hallador Energy in the 2nd quarter valued at about $5,578,000. Bank of America Corp DE acquired a new stake in Hallador Energy in the second quarter worth $1,056,000. Finally, Jupiter Topco LLC acquired a new position in shares of Hallador Energy during the second quarter worth approximately $294,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy, Inc is an energy company focused primarily on the production and marketing of thermal coal. Through its subsidiary Sunrise Coal, the company operates mining properties in the Illinois Basin, with activities concentrated in southwestern Indiana. Its coal is sold mainly to electric utilities and other industrial customers for use in power generation.

Hallador’s operations include the Oaktown and Carlisle mining complexes in Indiana, which produce coal for domestic energy markets.