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

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

Wall Street Analysts Forecast Growth

HNRG has been the subject of several recent research reports. Alliance Global Partners initiated coverage on Hallador Energy in a research report on Monday, December 9th. They issued a “buy” rating and a $17.00 price target for the company. B. Riley lifted their target price on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

Insider Activity

In other Hallador Energy news, Director David C. Hardie sold 23,604 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $13.11, for a total transaction of $309,448.44. Following the sale, the director now owns 2,106,819 shares of the company’s stock, valued at $27,620,397.09. The trade was 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 valued at $1,356,743 over the last quarter. Company insiders own 32.30% of the company’s stock.

Institutional Trading of Hallador Energy

A number of large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company purchased a new stake in Hallador Energy in the second quarter valued at approximately $78,000. CWM LLC increased its holdings in shares of Hallador Energy by 154.4% in 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 last quarter. Quantinno Capital Management LP bought a new position in shares of Hallador Energy in the 3rd quarter worth $96,000. Exchange Traded Concepts LLC raised its position in shares of 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 buying an additional 4,132 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Hallador Energy during the 3rd quarter worth $100,000. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Stock Down 28.0 %

Shares of NASDAQ:HNRG opened at $9.49 on Tuesday. The firm has a fifty day moving average price of $12.20 and a two-hundred day moving average price of $9.64. The company has a market cap of $404.46 million, a price-to-earnings ratio of -17.25 and a beta of 0.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. Hallador Energy has a one year low of $4.33 and a one year high of $14.00.

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

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.