Hallador Energy Company (HNRG) Releases Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Hallador Energy Company (NASDAQ:HNRG) posted its quarterly earnings data on Tuesday, August 8th. The energy company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.13, MarketWatch Earnings reports. Hallador Energy had a return on equity of 11.19% and a net margin of 3.13%. The company had revenue of $64.31 million for the quarter, compared to the consensus estimate of $64.20 million.

Shares of Hallador Energy (HNRG) opened at 5.42 on Friday. The firm has a 50-day moving average of $7.17 and a 200 day moving average of $7.76. The company has a market capitalization of $161.32 million, a P/E ratio of 19.85 and a beta of -0.61. Hallador Energy has a 1-year low of $5.40 and a 1-year high of $10.40.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, July 31st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 2.95%. The ex-dividend date was Thursday, July 27th. Hallador Energy’s dividend payout ratio is presently 59.26%.

Several analysts have weighed in on HNRG shares. Zacks Investment Research raised shares of Hallador Energy from a “sell” rating to a “hold” rating and set a $8.25 price target for the company in a research note on Thursday, May 11th. ValuEngine downgraded shares of Hallador Energy from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 14th.

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An institutional investor recently bought a new position in Hallador Energy stock. State Street Corp acquired a new position in shares of Hallador Energy Company (NASDAQ:HNRG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 184,020 shares of the energy company’s stock, valued at approximately $1,430,000. State Street Corp owned 0.62% of Hallador Energy at the end of the most recent quarter. 55.72% of the stock is currently owned by institutional investors and hedge funds.

Hallador Energy Company Profile

Hallador Energy Company is an oil and gas exploration company 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. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.

Earnings History for Hallador Energy (NASDAQ:HNRG)

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