Hallador Energy Company (NASDAQ:HNRG) price on Friday, August 06, rose 4.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.79.
A look at the stock’s price movement, the close in the last trading session was $2.68, moving within a range at $2.6601 and $2.86. The beta value (5-Year monthly) was 1.02. Turning to its 52-week performance, $3.48 and $0.61 were the 52-week high and 52-week low respectively. Overall, HNRG moved 1.09% over the past month.
Hallador Energy Company’s market cap currently stands at around $83.98 million, with investors looking forward to this quarter’s earnings report slated for Nov 01, 2021 – Nov 05, 2021. Analysts project the company’s earnings per share (EPS) to be $0.06, which has seen fiscal year 2021 EPS growth forecast to increase to $0.13 and about $0.18 for fiscal year 2022. Per the data, EPS growth is expected to be 165.00% for 2021 and 38.50% for the next financial year.
Analysts have a consensus estimate of $59.4 million for the company’s revenue for the quarter, with a low and high estimate of $59.4 million and $59.4 million respectively. The average forecast suggests up to a 14.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $224.8 million, representing a -8.40% decline on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that HNRG is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend HNRG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HNRG’s current price about -6.90% and -1.10% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.33, while 7-day volatility ratio is 7.55% and 8.05% in the 30-day chart. Further, Hallador Energy Company (HNRG) has a beta value of 1.02, and an average true range (ATR) of 0.21. Analysts have given the company’s stock an average 52-week price target of $4.00, forecast between a low of $4.00 and high of $4.00. Looking at the price targets, the low is -43.37% off current price level while to achieve the yearly target high, price needs to move -43.37%. Nonetheless, investors will most likely welcome a -43.37% jump to $4.00 which is the analysts’ median price.
In the market, a comparison of Hallador Energy Company (HNRG) and its peers suggest the former has performed considerably stronger. Data shows HNRG’s intraday price has changed 4.10% in last session and 236.10% over the past year. Comparatively, Natural Resource Partners L.P. (NRP) has moved 0.47% on the day and only 116.87% in the past 12 months. Moreover, Alliance Resource Partners L.P. (ARLP) is also up 1.55% in trading on the day while keeping a an uptrend of 140.80% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.17% and 0.41% respectively in the last trading.
If we refocus on Hallador Energy Company (NASDAQ:HNRG), historical trading data shows that trading volumes averaged 0.3 million over the past 10 days and 397.26K over the past 3 months. The company’s latest data on shares outstanding shows there are 30.61 million shares.
The 12.97% of Hallador Energy Company’s shares are in the hands of company insiders while institutional holders own 30.30% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.45 million on May 27, 2021, giving us a short ratio of 1.5. The data shows that as of May 27, 2021 short interest in Hallador Energy Company (HNRG) stood at 1.46% of shares outstanding, with shares short rising to 0.29 million registered in Apr 29, 2021. Current price change has pushed the stock 89.80% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HNRG stock continues to rise going into the next quarter.