Hallador Energy (NASDAQ:HNRG) Announces Earnings Results, Beats Estimates By $0.14 EPS

Hallador Energy (NASDAQ:HNRG) released its earnings results on Tuesday. The energy company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. During the same quarter last year, the company earned $0.47 earnings per share.

Hallador Energy Trading Up 1.9 %

NASDAQ HNRG traded up $0.25 during mid-day trading on Thursday, reaching $13.38. 1,362,478 shares of the stock were exchanged, compared to its average volume of 483,407. The stock has a market capitalization of $569.99 million, a PE ratio of -24.36 and a beta of 0.62. 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 1-year low of $4.33 and a 1-year high of $13.57. The business’s fifty day simple moving average is $9.03 and its 200 day simple moving average is $7.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. B. Riley boosted their price target on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com lowered shares of Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th.

Insider Activity

In other news, Director Zarrell Thomas Gray purchased 5,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was bought at an average cost of $5.75 per share, for a total transaction of $28,750.00. Following the completion of the purchase, the director now directly owns 33,000 shares of the company’s stock, valued at $189,750. The trade was a 17.86 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles Ray Iv Wesley acquired 25,000 shares of Hallador Energy stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the completion of the purchase, the director now directly owns 184,302 shares in the company, valued at approximately $1,100,282.94. This represents a 15.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 51,000 shares of company stock valued at $308,840 over the last quarter. Company insiders own 32.30% of the company’s stock.

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.