Hallador Energy (NASDAQ:HNRG) Stock Price Down 5.9% Following Insider Selling

Hallador Energy (NASDAQ:HNRG)’s stock price was down 5.9% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $12.59 and last traded at $12.69. Approximately 187,606 shares traded hands during trading, a decline of 61% from the average daily volume of 479,704 shares. The stock had previously closed at $13.49.

Specifically, Director David C. Hardie sold 18,775 shares of Hallador Energy stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.02, for a total value of $244,450.50. Following the transaction, the director now owns 2,022,713 shares in the company, valued at $26,335,723.26. The trade was a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David C. Hardie sold 2,553 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $13.01, for a total transaction of $33,214.53. Following the completion of the transaction, the director now directly owns 2,041,488 shares of the company’s stock, valued at $26,559,758.88. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HNRG shares. B. Riley upped their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. StockNews.com downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th. Finally, Alliance Global Partners initiated coverage on Hallador Energy in a report on Monday. They set a “buy” rating and a $17.00 price objective on the stock.

Hallador Energy Trading Down 1.8 %

The business’s fifty day moving average is $11.23 and its 200-day moving average is $8.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. The firm has a market cap of $528.45 million, a P/E ratio of -22.55 and a beta of 0.69.

Hallador Energy (NASDAQ:HNRG) last released 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 quarter last year, the firm earned $0.47 earnings per share. Analysts predict that Hallador Energy will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in shares of Hallador Energy by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company’s stock valued at $1,427,000 after buying an additional 3,017 shares during the period. Exchange Traded Concepts LLC increased its position in Hallador Energy by 66.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock valued at $98,000 after purchasing an additional 4,132 shares during the period. CWM LLC increased its position in Hallador Energy by 154.4% during the 3rd 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 during the period. Rhumbline Advisers raised its holdings in Hallador Energy by 16.1% during the 2nd quarter. Rhumbline Advisers now owns 37,757 shares of the energy company’s stock worth $293,000 after purchasing an additional 5,241 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Hallador Energy by 1.5% in the 3rd quarter. State Street Corp now owns 525,123 shares of the energy company’s stock worth $4,952,000 after purchasing an additional 7,764 shares during the period. 61.38% of the stock is owned by institutional investors and hedge funds.

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.