Hallador Energy Company (HNRG)
Utilities · NCM
Fundamentals
Valuation and ratings
Hallador Energy Company trades at USD15.77, which is 59% above the USD6.39 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 31 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 30.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
HNRG dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2020 | USD0.040 | 1 |
| 2019 | USD0.160 | 4 |
| 2018 | USD0.160 | 4 |
| 2017 | USD0.160 | 4 |
| 2016 | USD0.160 | 4 |
| 2015 | USD0.160 | 4 |
| 2014 | USD0.160 | 4 |
| 2013 | USD0.120 | 3 |
| 2012 | USD0.800 | 3 |
| 2011 | USD0.120 | 1 |
| 2010 | USD0.100 | 1 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
HNRG earnings and analyst estimates
Recommendation mix, 3 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Hallador Energy Company
Hallador Energy Company, through its subsidiaries, operates as an independent power producer and fuel company in the United States. It operates in two segments, Electric Operations and Coal Operations. The company owns and operates the Meron power plant, a 1,080 megawatts coal-fired power generating station that consists of two steam turbine generators and sells accredited capacity to utilities and other energy market participants. It also sells wholesale energy to utilities, generation and transmission cooperatives, and other energy market participants. In addition, the company operates the Oaktown mining complex, a coal mining and processing operation located in Knox and Sullivan counties, Indiana, and Crawford and Lawrence counties, Illinois. Hallador Energy Company was founded in 1949 and is based in Terre Haute, Indiana.
HNRG passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
10 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Steve Cohen, Point72 Asset Management, L.P.$30.95M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$5.62M · 0.0% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$5.02M · 0.0% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$2.41M · 0.0% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$2.35M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Hallador Energy Company (HNRG) undervalued?
Against our discounted cash flow estimate of USD6.39, HNRG at USD15.77 is 59% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own HNRG?
10 of the institutions we track reported a position in HNRG in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is HNRG's P/E ratio?
HNRG trades at 30.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
The full research page for HNRG, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.