Hallador Energy (NASDAQ:HNRG) Stock Price Up 3.7% on Earnings Beat

Shares of Hallador Energy (NASDAQ:HNRG) rose 3.7% during mid-day trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $12.73 and last traded at $11.90. Approximately 398,169 shares traded hands during 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 the consensus estimate 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 for the quarter, compared to analyst estimates of $102.46 million.

Wall Street Analyst Weigh In

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

Institutional Trading of Hallador Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC increased its position in shares of Hallador Energy by 493.7% during the fourth quarter. Squarepoint Ops LLC now owns 84,108 shares of the energy company’s stock worth $963,000 after acquiring an additional 69,941 shares during the last quarter. Wexford Capital LP acquired a new position in Hallador Energy in the fourth quarter worth about $785,000. Two Sigma Investments LP grew its stake in Hallador Energy by 53.4% in the fourth quarter. Two Sigma Investments LP now owns 19,531 shares of the energy company’s stock worth $224,000 after purchasing an additional 6,800 shares in the last quarter. Taconic Capital Advisors LP grew its stake in Hallador Energy by 5.7% in the fourth quarter. Taconic Capital Advisors LP now owns 464,732 shares of the energy company’s stock worth $5,321,000 after purchasing an additional 25,008 shares in the last quarter. Finally, Point72 Asset Management L.P. grew 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 worth $12,566,000 after purchasing an additional 1,073,433 shares in the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.

Hallador Energy Stock Up 2.7 %

The firm has a market capitalization of $502.45 million, a price-to-earnings ratio of -21.67 and a beta of 0.55. The stock has a 50 day moving average of $10.98 and a 200 day moving average of $10.47. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.

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.