Price Action to Note: What Will Happen to Hallador Energy Co Next? The Stock Just Declined A Lot

Price Action to Note: What Will Happen to Hallador Energy Co Next? The Stock Just Declined A Lot

The stock of Hallador Energy Co (NASDAQ:HNRG) is a huge mover today! About 243,539 shares traded hands or 32.32% up from the average. Hallador Energy Co (NASDAQ:HNRG) has risen 104.97% since April 13, 2016 and is uptrending. It has outperformed by 101.04% the S&P500.
The move comes after 8 months negative chart setup for the $257.13 million company. It was reported on Nov, 15 by Barchart.com. We have $7.72 PT which if reached, will make NASDAQ:HNRG worth $28.28M less.

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. The stock of Hallador Energy Co (NASDAQ:HNRG) earned “Outperform” rating by FBR Capital on Thursday, October 13. The firm has “Outperform” rating by Cowen & Co given on Wednesday, August 12. The rating was initiated by FBR Capital on Friday, September 18 with “Outperform”. FBR Capital maintained the shares of HNRG in a report on Tuesday, November 10 with “Outperform” rating. The rating was upgraded by Zacks on Wednesday, August 12 to “Strong Sell”.

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 2016 Q2. Its down 1.00, from 2 in 2016Q1. The ratio worsened, 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.
Blackrock Institutional Tru Na last reported 69,076 shares in the company. Pnc Fincl Svcs Grp Inc Incorporated holds 0% or 50,839 shares in its portfolio. Iowa National Bank has 15 shares for 0% of their US portfolio. Blackrock Investment Management Limited Liability Com has 0% invested in the company for 2,298 shares. Northern accumulated 140,274 shares or 0% of the stock. Hightower Advsr Ltd Limited Liability Company accumulated 0% or 42,800 shares. Jacobs Levy Equity accumulated 26,271 shares or 0% of the stock. Babson Capital Mngmt Limited Company accumulated 56,201 shares or 0.01% of the stock. Blackrock Fund Advisors has invested 0% of its portfolio in Hallador Energy Co (NASDAQ:HNRG). The Massachusetts-based Grt Cap Ptnrs Ltd Llc has invested 0.03% in Hallador Energy Co (NASDAQ:HNRG). Price T Rowe Assocs Md, a Maryland-based fund reported 171,912 shares. Sei Communications has 0% invested in the company for 211 shares. Cornerstone Cap Management Ltd Liability Corp holds 0% of its portfolio in Hallador Energy Co (NASDAQ:HNRG) for 4,100 shares. Alpine Ptnrs Vi Lc last reported 14,567 shares in the company. The Missouri-based Confluence Inv Management has invested 0% in Hallador Energy Co (NASDAQ:HNRG).

Insider Transactions: Since August 18, 2016, the stock had 1 buy, and 1 sale for $873,250 net activity. STABIO VICTOR P also bought $6,918 worth of Hallador Energy Co (NASDAQ:HNRG) on Thursday, August 18. 123,586 Hallador Energy Co (NASDAQ:HNRG) shares with value of $880,168 were sold by Bilsland Brent K.

Another recent and important Hallador Energy Co (NASDAQ:HNRG) news was published by Prnewswire.com which published an article titled: “Hallador Energy Company Announces Second Quarter 2016 Earnings Release and …” on July 25, 2016.

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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