Hallador Energy (NASDAQ:HNRG) Issues Quarterly Earnings Results

Hallador Energy (NASDAQ:HNRG) posted its earnings results on Tuesday. The energy company reported $0.04 earnings per share for the quarter, topping 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 firm earned $0.47 earnings per share.

Hallador Energy Trading Down 0.5 %

Shares of HNRG opened at $13.07 on Thursday. 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 cap of $556.78 million, a price-to-earnings ratio of -23.76 and a beta of 0.62. The business’s fifty day moving average is $9.03 and its 200-day moving average is $7.74.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HNRG. StockNews.com cut shares of Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th. B. Riley raised their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley bought 25,000 shares of the stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $5.97 per share, with a total value of $149,250.00. Following the completion of the purchase, the director now owns 184,302 shares in the company, valued at $1,100,282.94. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Charles Ray Iv Wesley purchased 25,000 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the completion of the acquisition, the director now owns 184,302 shares of the company’s stock, valued at approximately $1,100,282.94. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Zarrell Thomas Gray acquired 14,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $6.36 per share, for a total transaction of $89,040.00. Following the acquisition, the director now owns 47,000 shares in the company, valued at $298,920. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 51,000 shares of company stock valued at $308,840 over the last ninety days. 32.30% of the stock is owned by corporate insiders.

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.