Hallador Energy (NASDAQ:HNRG) Stock Price Up 7% – Here’s Why

Hallador Energy (NASDAQ:HNRG) traded up 7% during mid-day trading on Thursday . The company traded as high as $12.11 and last traded at $12.10. 176,820 shares traded hands during trading, a decline of 60% from the average session volume of 442,170 shares. The stock had previously closed at $11.31.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Alliance Global Partners began coverage on Hallador Energy in a report on Monday, December 9th. They set a “buy” rating and a $17.00 price target for the company. B. Riley boosted their price target on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Hallador Energy Trading Down 10.4 %

The company has a market cap of $468.39 million, a PE ratio of -19.98 and a beta of 0.66. The business has a 50 day simple moving average of $11.53 and a two-hundred day simple moving average of $9.98. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16.

Insiders Place Their Bets

In related news, Director David C. Hardie sold 2,553 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $13.01, for a total value of $33,214.53. Following the transaction, the director now directly owns 2,041,488 shares of the company’s stock, valued at approximately $26,559,758.88. This trade represents a 0.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 32.30% of the company’s stock.

Institutional Trading of Hallador Energy

Several large investors have recently modified their holdings of HNRG. SG Americas Securities LLC bought a new position in shares of Hallador Energy during the third quarter worth about $100,000. CWM LLC raised its holdings in shares of Hallador Energy by 154.4% during the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after buying an additional 4,993 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Hallador Energy by 108.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 22,556 shares of the energy company’s stock valued at $213,000 after buying an additional 11,750 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Hallador Energy by 5.3% during the third quarter. Empowered Funds LLC now owns 221,897 shares of the energy company’s stock valued at $2,092,000 after buying an additional 11,256 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new position in shares of Hallador Energy during the third quarter valued at approximately $351,000. 61.38% of the stock is currently 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.