Hallador Energy Target of Unusually High Options Trading (NASDAQ:HNRG)

Hallador Energy (NASDAQ:HNRG) saw unusually large options trading on Wednesday. Investors purchased 13,379 call options on the company. This is an increase of 957% compared to the average volume of 1,266 call options.

Insider Transactions at Hallador Energy

In other news, Director David C. Hardie sold 44,699 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $12.88, for a total value of $575,723.12. Following the completion of the sale, the director now owns 2,130,423 shares in the company, valued at $27,439,848.24. This represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 104,524 shares of company stock valued at $1,356,743 over the last three months. Company insiders own 32.30% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

A number of institutional investors have recently modified their holdings of the company. Stifel Financial Corp raised its holdings in Hallador Energy by 959.7% in the 3rd quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock worth $2,499,000 after acquiring an additional 239,972 shares during the period. Barclays PLC increased its stake in shares of Hallador Energy by 272.9% in the third quarter. Barclays PLC now owns 33,131 shares of the energy company’s stock worth $312,000 after purchasing an additional 24,247 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Hallador Energy during the 2nd quarter worth about $2,197,000. Pekin Hardy Strauss Inc. boosted its stake in Hallador Energy by 87.7% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company’s stock valued at $1,329,000 after purchasing an additional 65,850 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Hallador Energy by 4.2% in 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 last quarter. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Stock Up 0.7 %

Shares of HNRG traded up $0.07 during mid-day trading on Wednesday, hitting $10.02. 282,963 shares of the company’s stock were exchanged, compared to its average volume of 565,955. The stock has a market cap of $426.89 million, a price-to-earnings ratio of -18.21 and a beta of 0.71. The firm has a fifty day moving average of $12.07 and a two-hundred day moving average of $9.66. 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 twelve month low of $4.33 and a twelve month high of $14.00.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. The company had revenue of $105.04 million during the quarter, compared to analysts’ expectations of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, sell-side analysts forecast that Hallador Energy will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HNRG shares. B. Riley boosted their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Alliance Global Partners assumed coverage on shares of Hallador Energy in a research note on Monday, December 9th. They issued a “buy” rating and a $17.00 price target on the 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.