Hallador Energy (NASDAQ:HNRG) Stock Passes Above 200 Day Moving Average – Time to Sell?

Hallador Energy Company (NASDAQ:HNRG) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.21 and traded as high as $15.86. Hallador Energy shares last traded at $15.34, with a volume of 591,948 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HNRG shares. Northland Capmk raised Hallador Energy to a “strong-buy” rating in a research report on Monday, May 19th. Wall Street Zen downgraded Hallador Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. B. Riley boosted their target price on Hallador Energy from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. Finally, Northland Securities began coverage on Hallador Energy in a research note on Monday, May 19th. They set an “outperform” rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $18.33.

Hallador Energy Trading Down 3.1%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.17 and a current ratio of 0.60. The company has a 50 day moving average of $16.35 and a two-hundred day moving average of $13.21. The stock has a market capitalization of $659.31 million, a PE ratio of -2.81 and a beta of 0.47.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.39. The business had revenue of $117.79 million for the quarter, compared to the consensus estimate of $98.70 million. Hallador Energy had a positive return on equity of 0.31% and a negative net margin of 52.50%. Sell-side analysts predict that Hallador Energy Company will post -0.31 EPS for the current year.

Insider Activity at Hallador Energy

In other news, Director David C. Hardie sold 97,837 shares of the company’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $19.05, for a total value of $1,863,794.85. Following the sale, the director owned 139,089 shares in the company, valued at $2,649,645.45. This represents a 41.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 23.73% of the stock is owned by insiders.

Institutional Trading of Hallador Energy

A number of hedge funds have recently modified their holdings of HNRG. Rhumbline Advisers raised its holdings in Hallador Energy by 3.0% in the 4th quarter. Rhumbline Advisers now owns 36,672 shares of the energy company’s stock worth $420,000 after purchasing an additional 1,068 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Hallador Energy by 18.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 83,300 shares of the energy company’s stock valued at $954,000 after purchasing an additional 13,074 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Hallador Energy in the fourth quarter worth approximately $873,000. Highland Peak Capital LLC purchased a new position in Hallador Energy in the fourth quarter worth approximately $5,895,000. Finally, Intech Investment Management LLC purchased a new position in Hallador Energy in the fourth quarter worth approximately $156,000. Hedge funds and other institutional investors own 61.38% of the company’s 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.