Hallador Energy (NASDAQ:HNRG) Stock Price Down 5.9% After Insider Selling

Hallador Energy (NASDAQ:HNRG) shares fell 5.9% on Wednesday following insider selling activity. The company traded as low as $12.59 and last traded at $12.69. 187,606 shares were traded during mid-day trading, a decline of 61% from the average session volume of 479,704 shares. The stock had previously closed at $13.49.

Specifically, Director David C. Hardie sold 18,775 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.02, for a total value of $244,450.50. Following the completion of the transaction, the director now owns 2,022,713 shares of the company’s stock, valued at approximately $26,335,723.26. This represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David C. Hardie sold 2,553 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $13.01, for a total value of $33,214.53. Following the completion of the sale, the director now owns 2,041,488 shares of the company’s stock, valued at approximately $26,559,758.88. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HNRG shares. B. Riley upped their price objective on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Alliance Global Partners started coverage on Hallador Energy in a report on Monday. They issued a “buy” rating and a $17.00 price objective for the company. Finally, StockNews.com lowered Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th.

Hallador Energy Stock Performance

The firm has a market capitalization of $538.29 million, a PE ratio of -22.96 and a beta of 0.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The firm has a fifty day moving average price of $11.18 and a 200 day moving average price of $8.70.

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

Institutional Investors Weigh In On Hallador Energy

Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in shares of Hallador Energy by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company’s stock valued at $1,427,000 after purchasing an additional 3,017 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Hallador Energy by 66.4% during the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock valued at $98,000 after purchasing an additional 4,132 shares during the last quarter. CWM LLC lifted its holdings in shares of Hallador Energy by 154.4% during the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after purchasing an additional 4,993 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Hallador Energy by 16.1% during the second quarter. Rhumbline Advisers now owns 37,757 shares of the energy company’s stock valued at $293,000 after purchasing an additional 5,241 shares during the last quarter. Finally, State Street Corp lifted its stake in Hallador Energy by 1.5% in the 3rd quarter. State Street Corp now owns 525,123 shares of the energy company’s stock worth $4,952,000 after acquiring an additional 7,764 shares in the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.

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.