Hallador Energy (NASDAQ:HNRG) Announces Quarterly Earnings Results

Hallador Energy (NASDAQ:HNRG) issued its earnings results on Monday. The energy company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.23), Bloomberg Earnings reports. The firm had revenue of $72.31 million during the quarter, compared to analysts’ expectations of $81.30 million. Hallador Energy had a return on equity of 4.89% and a net margin of 3.95%.

HNRG traded down $0.18 during midday trading on Tuesday, hitting $4.98. The stock had a trading volume of 1,554 shares, compared to its average volume of 58,965. The stock has a market capitalization of $161.51 million and a P/E ratio of 19.92. The company’s fifty day moving average is $5.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 1.34. Hallador Energy has a 1 year low of $4.75 and a 1 year high of $7.12.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Wednesday, July 31st will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 3.21%. The ex-dividend date is Tuesday, July 30th. Hallador Energy’s dividend payout ratio is currently 64.00%.

A number of hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC lifted its position in Hallador Energy by 20.3% in the first quarter. SG Americas Securities LLC now owns 16,845 shares of the energy company’s stock valued at $89,000 after purchasing an additional 2,837 shares during the last quarter. Barings LLC lifted its position in Hallador Energy by 12.6% in the first quarter. Barings LLC now owns 77,935 shares of the energy company’s stock valued at $410,000 after purchasing an additional 8,696 shares during the last quarter. Geode Capital Management LLC lifted its position in Hallador Energy by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 193,447 shares of the energy company’s stock valued at $980,000 after purchasing an additional 9,229 shares during the last quarter. Hamilton Lane Advisors LLC bought a new stake in Hallador Energy in the first quarter valued at approximately $62,000. Finally, Millennium Management LLC bought a new stake in Hallador Energy in the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 46.57% of the company’s stock.

Several analysts have issued reports on HNRG shares. Zacks Investment Research raised Hallador Energy from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research note on Thursday, July 4th. ValuEngine lowered Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Oaktown 1 mine underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; and Ace in the Hole mine located near Clay City, Indiana.

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Earnings History for Hallador Energy (NASDAQ:HNRG)

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