Hallador Energy (NASDAQ:HNRG) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Hallador Energy (NASDAQ:HNRG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.47 and traded as high as $9.45. Hallador Energy shares last traded at $8.90, with a volume of 637,242 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com lowered Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th.

Hallador Energy Trading Down 8.3 %

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.16 and a current ratio of 0.53. The business’s 50-day moving average price is $8.45 and its 200 day moving average price is $7.47. The company has a market cap of $378.93 million, a P/E ratio of -59.30 and a beta of 0.62.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Tuesday, August 6th. The energy company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.19). The firm had revenue of $90.91 million during the quarter, compared to analyst estimates of $108.00 million. Hallador Energy had a negative net margin of 1.25% and a negative return on equity of 1.48%. During the same period in the previous year, the company posted $0.47 EPS. As a group, analysts expect that Hallador Energy will post -0.41 earnings per share for the current year.

Insider Transactions at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley bought 5,000 shares of the stock in a transaction on Friday, August 16th. The stock was purchased at an average price of $5.76 per share, with a total value of $28,800.00. Following the completion of the purchase, the director now owns 159,302 shares in the company, valued at $917,579.52. 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 Zarrell Thomas Gray acquired 14,000 shares of the stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $6.36 per share, for a total transaction of $89,040.00. Following the purchase, the director now directly owns 47,000 shares of the company’s stock, valued at $298,920. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles Ray Iv Wesley acquired 5,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $5.76 per share, with a total value of $28,800.00. Following the acquisition, the director now owns 159,302 shares of the company’s stock, valued at approximately $917,579.52. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 61,000 shares of company stock valued at $363,840. Company insiders own 32.30% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

Institutional investors have recently added to or reduced their stakes in the stock. Norden Group LLC purchased a new stake in shares of Hallador Energy in the first quarter worth $55,000. Principal Financial Group Inc. purchased a new stake in shares of Hallador Energy in the 1st quarter valued at about $71,000. The Manufacturers Life Insurance Company bought a new stake in shares of Hallador Energy during the 2nd quarter valued at about $78,000. CWM LLC raised its stake in Hallador Energy by 154.4% in the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after purchasing an additional 4,993 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Hallador Energy by 66.4% during the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after purchasing an additional 4,132 shares during the last quarter. 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.