The trading price of Hallador Energy Company (NASDAQ:HNRG) closed higher on Friday, October 08, closing at $4.29, 14.71% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.73 and $4.58. In examining the 52-week price action we see that the stock hit a 52-week high of $3.85 and a 52-week low of $0.70. Over the past month, the stock has gained 79.50% in value.
Hallador Energy Company, whose market valuation is $114.50 million at the time of this writing, is expected to release its quarterly earnings report Nov 01, 2021 – Nov 05, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.01 per share this quarter, however they have predicted annual earnings per share of -$0.11 for 2021 and $0.01 for 2022. It means analysts are expecting annual earnings per share growth of 45.00% this year and 109.10% next year.
Analysts have forecast the company to bring in revenue of $70.7 million for the current quarter, with the likely lows of $70.7 million and highs of $70.7 million. The average estimate suggests sales will likely up by 8.60% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $243.7 million. The company’s revenue is forecast to drop by -0.70% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Hallador Energy Company No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest HNRG has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned HNRG a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Hallador Energy Company (HNRG) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that HNRG’s price is currently 57.75% off the SMA20 and 68.59% off the SMA50. The RSI metric on the 14-day chart is currently showing 84.51, and weekly volatility stands at 15.94%. When measured over the past 30 days, the indicator reaches 9.48%. Hallador Energy Company (NASDAQ:HNRG)’s beta value is currently sitting at 0.93, while the Average True Range indicator is currently displaying 0.29. With analysts defining $4.00-$4.00 as the low and high price targets, we arrive at a consensus price target of $4.00 for the trailing 12-month period. The current price is about 6.76% off the estimated low and 6.76% off the forecast high, based on this estimate. Investors will be thrilled if HNRG’s share price rises to $4.00, which is the median consensus price. At that level, HNRG’s share price would be 6.76% above current price.
To see how Hallador Energy Company stock has been performing in comparison to its peers in the industry, here are the numbers: HNRG stock’s performance was 14.71% in the latest trading, and 468.44% in the past year, while Natural Resource Partners L.P. (NRP) has traded -0.39% on the day and positioned 114.89% higher than it was a year ago. Furthermore, Alliance Resource Partners L.P. (ARLP) showed a decrease of -0.08% on the day while its price kept inclining at 315.55% over the past year. Hallador Energy Company has a P/E ratio of 0. Also in last trading session, the S&P 500 Index has plunged -0.19%, while the Dow Jones Industrial also saw a negative session, down -0.03% on the day.
An evaluation of the daily trading volume of Hallador Energy Company (NASDAQ:HNRG) indicates that the 3-month average is 399.91K. However, this figure has increased over the past 10 days to an average of 1.02 million.
Currently, records show that 30.61 million of the company’s shares remain outstanding. The insiders hold 12.97% of outstanding shares, whereas institutions hold 31.80%. The stats also highlight that short interest as of Sep 14, 2021, stood at 0.49 million shares, resulting in a short ratio of 2.14 at that time. From this, we can conclude that short interest is 1.59% of the company’s total outstanding shares. It is noteworthy that short shares in September were down slightly from the previous month’s figure, which was 0.51 million. However, since the stock’s price has seen 191.84% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.