Hallador Energy (NASDAQ:HNRG) Stock Price Up 3.7% Following Better-Than-Expected Earnings

Shares of Hallador Energy (NASDAQ:HNRG) rose 3.7% during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $12.73 and last traded at $11.90. Approximately 398,169 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 507,377 shares. The stock had previously closed at $11.48.

The energy company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The company had revenue of $94.80 million during the quarter, compared to the consensus estimate of $102.46 million.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started coverage on Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 price objective for the company.

Hedge Funds Weigh In On Hallador Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Hallador Energy by 10.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company’s stock worth $21,569,000 after buying an additional 173,749 shares during the period. Vanguard Group Inc. raised its holdings in Hallador Energy by 13.9% during the fourth quarter. Vanguard Group Inc. now owns 1,627,909 shares of the energy company’s stock worth $18,640,000 after purchasing an additional 198,790 shares in the last quarter. Empyrean Capital Partners LP raised its holdings in Hallador Energy by 71.0% during the fourth quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company’s stock worth $15,171,000 after purchasing an additional 550,000 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Hallador Energy by 4,460.2% during the fourth quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock worth $12,566,000 after purchasing an additional 1,073,433 shares in the last quarter. Finally, Apis Capital Advisors LLC raised its holdings in Hallador Energy by 106.9% during the fourth quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company’s stock worth $10,282,000 after purchasing an additional 464,000 shares in the last quarter. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Hallador Energy Stock Performance

The stock has a market cap of $502.45 million, a P/E ratio of -21.67 and a beta of 0.55. The company has a fifty day moving average of $10.98 and a 200 day moving average of $10.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17.

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.