What’s in Hallador Energy Company (HNRG) After Forming Head & Shoulders?

September 8, 2018 - By Carolyn Hewitt

Investors sentiment increased to 1.82 in 2018 Q1. Its up 0.63, from 1.19 in 2017Q4. It increased, as 5 investors sold Hallador Energy Company shares while 17 reduced holdings. 16 funds opened positions while 24 raised stakes. 10.36 million shares or 3.68% less from 10.75 million shares in 2017Q4 were reported.
Cornercap Invest Counsel Inc owns 208,695 shares. Public Employees Retirement Sys Of Ohio has invested 0% of its portfolio in Hallador Energy Company (NASDAQ:HNRG). Trexquant Investment Lp owns 40,126 shares for 0.02% of their portfolio. Panagora Asset Mngmt reported 0% stake. New York-based New York State Common Retirement Fund has invested 0% in Hallador Energy Company (NASDAQ:HNRG). Schwab Charles Inc stated it has 28,100 shares or 0% of all its holdings. Strs Ohio invested in 0% or 21,700 shares. Smith Asset Gp Limited Partnership holds 0% or 7,498 shares in its portfolio. Great West Life Assurance Company Can holds 768 shares. 107,822 were accumulated by Matarin Management Ltd Limited Liability Company. Moreover, Lubar & Communications has 25.03% invested in Hallador Energy Company (NASDAQ:HNRG). Vanguard Group Inc reported 919,935 shares or 0% of all its holdings. Ameritas Investment Ptnrs invested 0% in Hallador Energy Company (NASDAQ:HNRG). Legal General Grp Inc Public Limited Company invested in 2,225 shares or 0% of the stock. Morgan Stanley stated it has 0% of its portfolio in Hallador Energy Company (NASDAQ:HNRG).

The stock of Hallador Energy Company (HNRG) formed H&S with $5.40 target or 8.00 % below today’s $5.87 share price. The 9 months Head & Shoulders indicates high risk for the $177.14M company. It was reported on Sep, 8 by Faxor.com. If the $5.40 price target is reached, the company will be worth $14.17M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 0.68% or $0.04 during the last trading session, reaching $5.87. About 38,044 shares traded. Hallador Energy Company (NASDAQ:HNRG) has declined 4.35% since September 8, 2017 and is downtrending. It has underperformed by 16.92% the S&P500.

Analysts await Hallador Energy Company (NASDAQ:HNRG) to report earnings on November, 5. They expect $0.18 EPS, up 38.46 % or $0.05 from last year’s $0.13 per share. HNRG’s profit will be $5.43 million for 8.15 P/E if the $0.18 EPS becomes a reality.

Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company has market cap of $177.14 million. The firm holds interests in the Oaktown 1 underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; Ace in the Hole mine located near Clay City, Indiana; and Bulldog underground mine located in Vermillion County, Illinois. It has a 6.6 P/E ratio. It is also involved in gas and oil exploration activities in Michigan and Indiana.

Hallador Energy Company (NASDAQ:HNRG) Institutional Positions Chart

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