Stock Traders Purchase High Volume of Put Options on Hallador Energy (NASDAQ:HNRG)

Hallador Energy (NASDAQ:HNRG) saw some unusual options trading on Monday. Traders acquired 2,021 put options on the stock. This represents an increase of 76% compared to the typical daily volume of 1,148 put options.

Hallador Energy Stock Up 4.8 %

NASDAQ HNRG opened at $9.95 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $424.07 million, a price-to-earnings ratio of -18.09 and a beta of 0.71. Hallador Energy has a 1-year low of $4.33 and a 1-year high of $14.00. The stock’s 50 day moving average is $12.13 and its two-hundred day moving average is $9.65.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. B. Riley increased their target price on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Alliance Global Partners initiated coverage on shares of Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 price objective for the company.

Insider Buying and Selling at Hallador Energy

In related news, Director David C. Hardie sold 23,604 shares of Hallador Energy stock in a transaction on Monday, November 18th. The shares were sold at an average price of $13.11, for a total value of $309,448.44. Following the transaction, the director now owns 2,106,819 shares in the company, valued at $27,620,397.09. This trade represents a 1.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 104,524 shares of company stock worth $1,356,743 over the last three months. Corporate insiders own 32.30% of the company’s stock.

Institutional Trading of Hallador Energy

Several hedge funds have recently modified their holdings of HNRG. The Manufacturers Life Insurance Company acquired a new stake in shares of Hallador Energy during the second quarter worth $78,000. CWM LLC raised its stake in Hallador Energy by 154.4% during the 3rd quarter. CWM LLC now owns 8,227 shares of the energy company’s stock worth $78,000 after buying an additional 4,993 shares during the period. Quantinno Capital Management LP bought a new position in Hallador Energy during the third quarter worth about $96,000. Exchange Traded Concepts LLC increased its holdings in shares of Hallador Energy by 66.4% in the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after acquiring an additional 4,132 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Hallador Energy during the third quarter worth about $100,000. 61.38% of the stock is owned by institutional investors.

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.