Hallador Energy (NASDAQ:HNRG) Trading Up 3.7% on Earnings Beat

Hallador Energy (NASDAQ:HNRG)’s share price was up 3.7% during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. 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) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. The company had revenue of $94.80 million for the quarter, compared to analysts’ expectations 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 Analyst Weigh In

Separately, Alliance Global Partners began coverage on Hallador Energy in a research note on Monday, December 9th. They set a “buy” rating and a $17.00 price objective for the company.

Institutional Trading of Hallador Energy

A number of large investors have recently made changes to their positions in the business. Squarepoint Ops LLC lifted its holdings in shares of Hallador Energy by 493.7% in the 4th quarter. Squarepoint Ops LLC now owns 84,108 shares of the energy company’s stock worth $963,000 after acquiring an additional 69,941 shares during the last quarter. Wexford Capital LP purchased a new stake in Hallador Energy in the 4th quarter worth about $785,000. Two Sigma Investments LP lifted its stake in Hallador Energy by 53.4% in the fourth quarter. Two Sigma Investments LP now owns 19,531 shares of the energy company’s stock worth $224,000 after purchasing an additional 6,800 shares during the last quarter. Taconic Capital Advisors LP boosted its position in shares of Hallador Energy by 5.7% during the fourth quarter. Taconic Capital Advisors LP now owns 464,732 shares of the energy company’s stock valued at $5,321,000 after buying an additional 25,008 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Hallador Energy by 4,460.2% during the fourth quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock valued at $12,566,000 after buying an additional 1,073,433 shares during the last quarter. 61.38% of the stock is currently owned by institutional investors.

Hallador Energy Stock Performance

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 stock has a market capitalization of $509.27 million, a PE ratio of -21.73 and a beta of 0.55. The firm has a fifty day moving average price of $10.98 and a two-hundred day moving average price of $10.51.

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.