Hallador Energy (NASDAQ:HNRG) Releases Earnings Results, Beats Expectations By $0.14 EPS

Hallador Energy (NASDAQ:HNRG) announced its quarterly earnings data on Tuesday. The energy company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.14, Zacks reports. The firm had revenue of $105.04 million for the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.88%. During the same period last year, the firm earned $0.47 EPS.

Hallador Energy Price Performance

Shares of NASDAQ:HNRG traded up $2.51 during mid-day trading on Wednesday, reaching $12.96. The stock had a trading volume of 1,939,671 shares, compared to its average volume of 475,866. The business’s 50 day moving average price is $8.89 and its 200 day moving average price is $7.70. Hallador Energy has a 1 year low of $4.33 and a 1 year high of $13.57. The company has a market cap of $552.10 million, a P/E ratio of -21.31 and a beta of 0.62. The company has a current ratio of 0.53, a quick ratio of 0.16 and a debt-to-equity ratio of 0.11.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HNRG. StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th. B. Riley increased their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday.

Insider Buying and Selling at Hallador Energy

In related news, Director Charles Ray Iv Wesley acquired 25,000 shares of Hallador Energy stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $5.97 per share, with a total value of $149,250.00. Following the completion of the purchase, the director now directly owns 184,302 shares of the company’s stock, valued at $1,100,282.94. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Charles Ray Iv Wesley purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $5.97 per share, with a total value of $149,250.00. Following the purchase, the director now owns 184,302 shares in the company, valued at approximately $1,100,282.94. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Zarrell Thomas Gray purchased 14,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average price of $6.36 per share, for a total transaction of $89,040.00. Following the completion of the acquisition, the director now directly owns 47,000 shares in the company, valued at $298,920. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 51,000 shares of company stock worth $308,840 in the last quarter. 32.30% of the stock is owned by corporate insiders.

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.