Hallador Energy (NASDAQ:HNRG) Trading 7% Higher – Here’s Why

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. B. Riley lifted 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. Alliance Global Partners began coverage on shares of Hallador Energy in a research note on Monday, December 9th. They set a “buy” rating and a $17.00 target price for the company.

Hallador Energy Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The stock has a market capitalization of $468.39 million, a P/E ratio of -19.98 and a beta of 0.66. The company’s 50 day simple moving average is $11.53 and its two-hundred day simple moving average is $9.98.

Insiders Place Their Bets

In other news, Director David C. Hardie sold 2,553 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $13.01, for a total transaction of $33,214.53. Following the sale, the director now directly owns 2,041,488 shares of the company’s stock, valued at $26,559,758.88. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 32.30% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of HNRG. Point72 Asset Management L.P. boosted its stake in Hallador Energy by 4,460.2% in the fourth quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock valued at $12,566,000 after acquiring an additional 1,073,433 shares during the last quarter. Empyrean Capital Partners LP increased its stake in Hallador Energy by 71.0% in the 4th quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company’s stock valued at $15,171,000 after buying an additional 550,000 shares during the last quarter. Highland Peak Capital LLC acquired a new stake in Hallador Energy in the 4th quarter valued at $5,895,000. Apis Capital Advisors LLC grew its position in shares of Hallador Energy by 106.9% in the 4th quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company’s stock valued at $10,282,000 after acquiring an additional 464,000 shares during the period. Finally, Taconic Capital Advisors LP bought a new position in shares of Hallador Energy in the 3rd quarter valued at about $4,147,000. 61.38% of the stock is owned by institutional investors.

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.