Price Don’t Lie: Does Hallador Energy Co Have More Gas After Making 52-Week High?

Price Don't Lie: Does Hallador Energy Co Have More Gas After Making 52 Week High?

The stock of Hallador Energy Co (NASDAQ:HNRG) hit a new 52-week high and has $13.86 target or 53.00% above today’s $9.06 share price. The 5 months bullish chart indicates low risk for the $268.88 million company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $13.86 price target is reached, the company will be worth $142.51 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 78,598 shares traded hands. Hallador Energy Co (NASDAQ:HNRG) has risen 98.01% since April 1, 2016 and is uptrending. It has outperformed by 96.80% the S&P500.

Analysts await Hallador Energy Co (NASDAQ:HNRG) to report earnings on November, 4. They expect $0.10 earnings per share, down 41.18% or $0.07 from last year’s $0.17 per share. HNRG’s profit will be $2.97M for 22.65 P/E if the $0.10 EPS becomes a reality. After $0.19 actual earnings per share reported by Hallador Energy Co for the previous quarter, Wall Street now forecasts -47.37% negative EPS growth.

Hallador Energy Co (NASDAQ:HNRG) Ratings Coverage

Out of 2 analysts covering Hallador Energy (NASDAQ:HNRG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Hallador Energy has been the topic of 5 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Cowen & Co maintained Hallador Energy Co (NASDAQ:HNRG) rating on Wednesday, August 12. Cowen & Co has “Outperform” rating and $10 price target. The stock has “Strong Sell” rating given by Zacks on Wednesday, August 12. The firm earned “Outperform” rating on Friday, September 18 by FBR Capital. FBR Capital maintained it with “Outperform” rating and $8 target price in Thursday, October 13 report. FBR Capital maintained Hallador Energy Co (NASDAQ:HNRG) on Tuesday, November 10 with “Outperform” rating.

According to Zacks Investment Research, “Hallador Energy Company, formerly known as Hallador Petroleum Company is engaged in the production of steam coal. The Company’s primary operating property is the Carlisle underground coal mine located in western Indiana. Hallador Energy Company is based in Denver, Colorado.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 1.00, from 2 in 2016Q1. The ratio is negative, as 18 funds sold all Hallador Energy Co shares owned while 19 reduced positions. 20 funds bought stakes while 17 increased positions. They now own 8.11 million shares or 7.84% less from 8.80 million shares in 2016Q1.
Price T Rowe Assocs Md owns 171,912 shares or 0% of their US portfolio. Bridgeway Capital Mgmt owns 141,600 shares or 0.01% of their US portfolio. Susquehanna Group Llp accumulated 23,520 shares or 0% of the stock. Parametric Assocs Lc has invested 0% of its portfolio in Hallador Energy Co (NASDAQ:HNRG). Tower Rech Cap Limited Liability Corporation (Trc) holds 536 shares or 0% of its portfolio. Moreover, Northern Trust Corporation has 0% invested in Hallador Energy Co (NASDAQ:HNRG) for 140,274 shares. Martingale Asset Management L P accumulated 87,900 shares or 0.01% of the stock. Robotti Robert holds 45,424 shares or 0.08% of its portfolio. Moreover, Hightower Ltd has 0% invested in Hallador Energy Co (NASDAQ:HNRG) for 42,800 shares. Iowa Bank & Trust holds 0% or 15 shares in its portfolio. Oldfield Ltd Liability Partnership last reported 0.06% of its portfolio in the stock. The Pennsylvania-based Hamilton Lane Advsrs Ltd Liability Company has invested 0.07% in Hallador Energy Co (NASDAQ:HNRG). Vanguard Inc owns 523,002 shares or 0% of their US portfolio. First Quadrant Lp Ca, a California-based fund reported 23,000 shares. Petrus Trust Lta holds 0.02% or 16,815 shares in its portfolio.

Insider Transactions: Since August 18, 2016, the stock had 1 insider buy, and 1 sale for $873,250 net activity. $880,168 worth of Hallador Energy Co (NASDAQ:HNRG) was sold by Bilsland Brent K on Wednesday, September 7. $6,918 worth of Hallador Energy Co (NASDAQ:HNRG) was bought by STABIO VICTOR P on Thursday, August 18.

More news for Hallador Energy Co (NASDAQ:HNRG) were recently published by: Marketwatch.com, which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on October 08, 2010. Prnewswire.com‘s article titled: “Hallador Energy Company Announces Second Quarter 2016 Earnings Release and …” and published on July 25, 2016 is yet another important article.

HNRG Company Profile

Hallador Energy Company, incorporated on December 31, 1985, is an gas and oil exploration firm that is focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. The Firm also holds interest in Savoy Energy, L.P., which is an gas and oil exploration firm with activities in Michigan, and Sunrise Energy, LLC, which is a gas exploration firm with activities in Indiana. The Firm projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine. The Firm develops over 10 million tons of coal annually and has clients in the mid-west and southeastern United States. It has over 40.6 million tons of the Indiana coal V seam. In addition, the Company has over 69.3 million controlled tons in both Knox County, Indiana and Lawrence County, Illinois. The two Oaktown mines are separated by a sandstone channel. The coal seam thickness ranges from 4 feet to 9 feet. The Oaktown mines share the same wash plant, which is rated at over 1,600 tons per hour.

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