Hallador Energy (NASDAQ:HNRG) Issues Quarterly Earnings Results

Hallador Energy (NASDAQ:HNRG) released its earnings results on Tuesday. The energy company reported $0.04 earnings per share for the quarter, topping 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 analysts’ expectations of $117.10 million. During the same period in the prior year, the company earned $0.47 earnings per share.

Hallador Energy Stock Performance

HNRG stock traded up $2.52 during midday trading on Wednesday, reaching $12.97. 2,364,816 shares of the company’s stock traded hands, compared to its average volume of 476,998. The company has a 50-day moving average price of $8.89 and a two-hundred day moving average price of $7.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.16 and a current ratio of 0.53. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $13.57. The firm has a market capitalization of $552.52 million, a PE ratio of -21.31 and a beta of 0.62.

Insider Transactions at Hallador Energy

In other news, Director Charles Ray Iv Wesley purchased 25,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $5.97 per share, with a total value of $149,250.00. Following the completion of the acquisition, the director now owns 184,302 shares in the company, valued at $1,100,282.94. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other Hallador Energy news, Director Zarrell Thomas Gray purchased 5,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was acquired at an average cost of $5.75 per share, for a total transaction of $28,750.00. Following the completion of the transaction, the director now directly owns 33,000 shares in the company, valued at approximately $189,750. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles Ray Iv Wesley purchased 25,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $5.97 per share, with a total value of $149,250.00. Following the completion of the transaction, the director now owns 184,302 shares of the company’s stock, valued at approximately $1,100,282.94. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 51,000 shares of company stock valued at $308,840. 32.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Hallador Energy Company Profile

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.