David C. Hardie Sells 23,604 Shares of Hallador Energy (NASDAQ:HNRG) Stock

Hallador Energy (NASDAQ:HNRG) Director David C. Hardie sold 23,604 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $13.11, for a total transaction of $309,448.44. Following the transaction, the director now directly owns 2,106,819 shares of the company’s stock, valued at $27,620,397.09. This trade represents a 1.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hallador Energy Price Performance

Hallador Energy stock opened at $12.91 on Friday. The firm has a market capitalization of $550.19 million, a P/E ratio of -23.47 and a beta of 0.62. The firm has a fifty day moving average of $9.72 and a 200-day moving average of $8.01. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $13.57.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.14. The business had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. During the same period in the prior year, the firm earned $0.47 earnings per share. As a group, analysts predict that Hallador Energy will post -0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HNRG. StockNews.com lowered shares of Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th. B. Riley increased their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Barclays PLC increased its stake in Hallador Energy by 272.9% during the 3rd quarter. Barclays PLC now owns 33,131 shares of the energy company’s stock valued at $312,000 after buying an additional 24,247 shares during the period. Geode Capital Management LLC increased its stake in Hallador Energy by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company’s stock valued at $6,346,000 after buying an additional 27,093 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Hallador Energy during the 3rd quarter valued at about $251,000. Wolverine Trading LLC increased its stake in Hallador Energy by 689.9% during the 3rd quarter. Wolverine Trading LLC now owns 35,823 shares of the energy company’s stock valued at $347,000 after buying an additional 31,288 shares during the period. Finally, State Street Corp increased its stake in Hallador Energy by 1.5% during the 3rd quarter. State Street Corp now owns 525,123 shares of the energy company’s stock valued at $4,952,000 after buying an additional 7,764 shares during the period. 61.38% of the stock is currently owned by institutional investors.

About Hallador Energy

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.