Hallador Energy (NASDAQ:HNRG) Stock Price Up 3.7% Following Strong Earnings

Hallador Energy (NASDAQ:HNRG) shares rose 3.7% on Tuesday following a stronger than expected earnings report. The stock traded as high as $12.73 and last traded at $11.90. Approximately 398,169 shares changed hands during trading, a decline of 22% from the average daily volume of 507,377 shares. The stock had previously closed at $11.48.

The energy company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $94.80 million for the quarter, compared to the consensus estimate of $102.46 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started coverage on shares of Hallador Energy in a report on Monday, December 9th. They issued a “buy” rating and a $17.00 price target on the stock.

Institutional Trading of Hallador Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in Hallador Energy by 10.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company’s stock valued at $21,569,000 after acquiring an additional 173,749 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hallador Energy by 13.9% in the 4th quarter. Vanguard Group Inc. now owns 1,627,909 shares of the energy company’s stock worth $18,640,000 after buying an additional 198,790 shares in the last quarter. Empyrean Capital Partners LP grew its stake in shares of Hallador Energy by 71.0% in the 4th quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company’s stock worth $15,171,000 after buying an additional 550,000 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Hallador Energy by 4,460.2% in the 4th quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock worth $12,566,000 after buying an additional 1,073,433 shares in the last quarter. Finally, Apis Capital Advisors LLC grew its stake in shares of Hallador Energy by 106.9% in the 4th quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company’s stock worth $10,282,000 after buying an additional 464,000 shares in the last quarter. 61.38% of the stock is currently owned by institutional investors.

Hallador Energy Stock Up 0.7 %

The firm has a market capitalization of $512.68 million, a PE ratio of -21.87 and a beta of 0.55. The business’s 50 day simple moving average is $10.97 and its 200 day simple moving average is $10.52. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16.

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.