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

Hallador Energy (NASDAQ:HNRG) issued its quarterly earnings data on Tuesday. The energy company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.14, Zacks reports. The company had revenue of $105.04 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.47 earnings per share.

Hallador Energy Stock Performance

Shares of Hallador Energy stock opened at $13.07 on Thursday. The business has a 50-day moving average price of $9.03 and a two-hundred day moving average price of $7.74. Hallador Energy has a 1-year low of $4.33 and a 1-year high of $13.57. The company has a current ratio of 0.53, a quick ratio of 0.16 and a debt-to-equity ratio of 0.11. The company has a market cap of $556.78 million, a P/E ratio of -23.76 and a beta of 0.62.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com lowered Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th. B. Riley increased their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday.

Insider Activity

In other Hallador Energy news, Director Zarrell Thomas Gray bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was acquired at an average price of $5.75 per share, with a total value of $28,750.00. Following the completion of the purchase, the director now directly owns 33,000 shares of the company’s stock, valued at approximately $189,750. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Charles Ray Iv Wesley acquired 25,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $5.97 per share, for a total transaction of $149,250.00. Following the completion of the acquisition, the director now owns 184,302 shares of the company’s stock, valued at approximately $1,100,282.94. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Zarrell Thomas Gray bought 5,000 shares of Hallador Energy stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average price of $5.75 per share, with a total value of $28,750.00. Following the completion of the purchase, the director now owns 33,000 shares in the company, valued at $189,750. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 51,000 shares of company stock valued at $308,840 in the last ninety days. 32.30% of the stock is owned by company 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.