HNRG Hallador Energy Company

XNAS 10.99 Delayed
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

HNRG $10.99 —
Key stats
$10.99
52-Week Range
$10.73 – $24.70
YTD
-43.23%
IV Rank (30D)
95.52
Straddle Price
$1.95
P/C Vol Ratio
0.13
Market Cap
$0.5B
Open
$11.04
Day Range
$10.96 – $11.45
Volume
537,409
Prev Close
$11.05
Fair Value
MODEL: LONG

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)4.96%
Beta vs SPY0.74
Cost of Equity (CAPM)8.68% (VRP-adj)
WACC8.80%
Volatility Risk Premium+104.2pp (IV − HV30)
Effective Tax Rate5.6%
Rev. Growth (YoY, DCF input)-2.6%
DCF Horizon10 years explicit + fade
Free Cash Flow (TTM)$-0.1B
Return on Equity (TTM)-0.5%
Book / Price42.4% — banking bias active (P/B is primary)
Gross Margin (TTM)33.1%
FCF Margin (TTM)-11.2%
Debt / Equity0.00
Quality Score2/6 — normal (10y DCF)
SMA 50$14.56 (Market Anchor value)
SMA 20 / Bollinger Mid$12.94
Bollinger Width / SMA20308.9% (drives anchor stability)
Net Debt$-0.0B
Market Cap$0B
Peers used for multiples: ARLP, BTU, CNR, HCC, NEE, NRP (filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
64%
20-Day Fair Value
≈ by Nov 25, 2026
$11.08
α +0.9% rank 61%
conviction
52%
40-Day Fair Value
≈ by Dec 24, 2026
$11.27
α +2.5% rank 61%
conviction
77%
60-Day Fair Value
≈ by Jan 22, 2027
$11.21
α +2.0% rank 53%
conviction
64%
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) n/a 0%
Peer P/E $7.84 8% median 14.8× · 5 peers
Peer EV/EBITDA n/a 0% median 9.8× · 6 peers
Peer P/B $9.04 13% median 1.9× · 6 peers
Peer P/S $21.77 13% median 2.1× · 6 peers
Market Anchor (SMA50) $14.56 45% stability 68% (BB-width)
Options Expected (B-L 30d) $10.87 22% 13 strikes · skew +0.18
As of 2026-10-27 · updated
About
Industry (SIC)
ELECTRIC SERVICES (4911) · industry map
Exchange
XNAS
Market Cap
$0.5B
Employees
633
List Date
1981-06-30
CIK
0000788965
Next Earnings
2026-11-09 (After-Close)
EPS Forecast
$0.07 (2 est.)
Headquarters
Terre Haute, IN
Homepage
https://hallador2025rbcr.q4web.com

Hallador Energy Co is a vertically integrated, independent power producer (IPP) and fuel company with operations in Indiana. The Company operates across multiple stages of the energy value chain, from accredited capacity and energy to coal. The Company's electric operations are located within the Midcontinent Independent System Operator's (MISO) footprint. The company's business is organized based on the services and products it provide in two segments: (i) Electric Operations and (ii) Coal Operations.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-10.67%-8.68%-2.86%-7.33%-8.21%-4.49%-7.04%
Feb13.57%40.00%-14.27%-12.84%-9.30%1.34%3.08%
Mar10.00%-4.63%20.13%-31.84%33.48%-14.18%2.16%
Apr5.08%23.48%-16.51%6.46%15.86%-2.14%5.37%
May7.56%12.62%-1.02%75.88%17.99%23.30%22.72%
Jun-9.26%7.77%5.61%-14.80%-9.75%-8.52%-4.83%
Jul13.33%15.15%-0.97%-3.52%14.99%-17.13%3.64%
Aug-21.85%0.77%10.61%-10.95%-3.66%10.98%-2.35%
Sep29.82%-9.50%28.41%45.75%17.54%-15.27%16.12%
Oct8.03%29.83%1.78%2.37%8.42%-18.71%*5.29%
Nov-27.65%27.18%-10.93%25.77%-7.15%--1.44%
Dec4.68%-2.06%-31.90%-5.06%-4.08%---7.68%
Total7.67%210.32%-24.18%34.43%72.38%-41.92%43.12%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $12.94
SMA 50: $14.56
SMA 200: $16.70
Current: $10.99
EMA 12: $12.04
EMA 26: $13.05
MACD: -1.0152 | Signal: -0.1925
BEARISH
ADX (14): 26.08
TREND
+DI: 13.78
−DI: 28.86

Momentum Oscillators

RSI (14): 30.45
NEUTRAL
Stoch %K: 7.65
Stoch %D: 7.44
Williams %R: -94.42

Volume & Volatility

BB Upper: $15.53
BB Lower: $10.36
NEUTRAL
OBV: 14,209,104
Vol SMA 20: 1,080,538
Vol ROC: -56.72%
ATR: $0.85
True Range: $0.49
HV 20: 73.3%
HV 30: 62.9%
HV 60: 56.8%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
All HNRG news →
Earnings History
12 of 16 under expected move
Avg Expected Move
14.64%
Avg Actual Move
8.08%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2022-08-16 After-Close 15.47% 1.16% 0.07x Within
2023-03-17 After-Close 17.68% 3.91% 0.22x Within
2023-05-09 After-Close 14.61% 3.26% 0.22x Within
2023-08-08 After-Close 7.74% 4.68% 0.60x Within
2023-11-07 After-Close 8.34% 4.00% 0.48x Within
2024-03-14 After-Close 3.42% 10.41% 3.04x Exceeded
2024-05-07 After-Close 18.65% 4.75% 0.25x Within
2024-08-07 After-Close 13.56% 5.33% 0.39x Within
2024-11-12 After-Close 22.25% 25.65% 1.15x Exceeded
2025-03-17 After-Close 16.55% 4.09% 0.25x Within
2025-05-12 After-Close 13.66% 21.40% 1.57x Exceeded
2025-08-11 After-Close 16.69% 6.93% 0.42x Within
2025-11-10 After-Close 17.99% 18.99% 1.06x Exceeded
2026-03-12 After-Close 16.55% 11.54% 0.70x Within
2026-05-06 After-Close 15.90% 1.73% 0.11x Within
2026-08-10 After-Close 15.11% 1.51% 0.10x Within

Earnings calendar: this week’s reports with expected vs actual moves →

HNRG Options Activity & IV Rank

HNRG IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 87.5%
7-DTE IV: —
Expected Move: $1.95
7-DTE Move: $1.95
Days to Exp: 25 (2026-11-20)

Options Flow

Call Volume: 293
Put Volume: 38
P/C Volume: 0.13
BULLISH
Call OI: 5,349
Put OI: 3,973
P/C OI: 0.743
Total OI: 9,322

ATM Options Pricing

ATM Call: $0.97
ATM Put: $0.97
Call %: 8.9%
Put %: 8.9%

Chain Summary

Chain Volume: 4,808
Chain OI: 42,256
Last Updated: 10/26/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
LOW γ vs HISTORY

Estimated net dealer gamma is at the 6th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
6%
vs own history
GEX tilt
-0.71
OI-weighted, today
Vanna tilt
+0.54
δ-sensitivity to IV
Charm tilt
-0.18
δ-decay vs time
Vanna tilt +0.54: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 9 ATM contracts, 9k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
as of Oct 26 · No data
30 DTE / 10d —
— pts EXTREME
as of Oct 26 · ATM 85.4% / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)95.5HighOct 26
Straddle Price (30 DTE)$1.95Oct 26
Beta Analysis

Risk Metrics

Beta: 1.6590
Alpha: -64.72%
Correlation: 0.3327
R-Squared: 11.1%
Stock Volatility: 63.6%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own HNRG
5 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Point72 Hedge fund
Steve Cohen
$36.9M
0.06%
#414 of 1945+11.6%13F
Renaissance Technologies Hedge fund
Jim Simons
$3.8M
0.01%
#1607 of 3138-28.7%13F
Citadel Hedge fund
Ken Griffin
$2.7M
0.00%
#2620 of 6285-55.6%13F
Millennium Management Hedge fund
Izzy Englander
$410K
0.00%
#3244 of 3716-51.7%13F
Rockefeller Capital Management Family office
Rockefeller family
$14K
0.00%
#3877 of 4729+7900.0%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

HNRG Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 44,108,250 (as of 2026-03-31)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

182 filers38,284,322 shares$649.75M value86.80% of float
# Filer Shares Value % of Total % of Float Period
1 Lubar & Co., Inc 5,452,019 $75.62M 11.64% 12.36% 2026-09-30
2 BlackRock, Inc. Custodian 2,851,856 $49.59M 7.63% 6.47% 2026-06-30
3 Vanguard Group Inc Custodian 2,320,508 $44.18M 6.80% 5.26% 2025-12-31
4 Point72 Asset Management, L.P. 2,121,228 $36.89M 5.68% 4.81% 2026-06-30
5 AEGIS FINANCIAL CORP 1,812,026 $31.51M 4.85% 4.11% 2026-06-30
6 Orbis Allan Gray Ltd 1,695,845 $29.49M 4.54% 3.84% 2026-06-30
7 Vanguard Capital Management LLC 1,531,550 $26.63M 4.10% 3.47% 2026-06-30
8 American Century Companies, Inc. 1,518,138 $26.40M 4.06% 3.44% 2026-06-30
9 Dimensional Fund Advisors LP Custodian 1,043,820 $18.15M 2.79% 2.37% 2026-06-30
10 Geode Capital Management, LLC Custodian 980,431 $17.05M 2.62% 2.22% 2026-06-30
11 HIGHLAND PEAK CAPITAL, LLC 947,219 $16.47M 2.54% 2.15% 2026-06-30
12 Dayah Capital LLC 887,236 $15.43M 2.37% 2.01% 2026-06-30
13 State Street Corp 780,330 $13.57M 2.09% 1.77% 2026-06-30
14 Deutsche Bank AG Custodian 778,244 $13.53M 2.08% 1.76% 2026-06-30
15 Morgan Stanley Custodian 758,982 $13.20M 2.03% 1.72% 2026-06-30
16 Tyro Capital Management LLC 735,471 $12.79M 1.97% 1.67% 2026-06-30
17 GARNET EQUITY CAPITAL HOLDINGS, INC. 633,895 $11.02M 1.70% 1.44% 2026-06-30
18 FMR LLC Custodian 616,268 $10.72M 1.65% 1.40% 2026-06-30
19 Vanguard Portfolio Management LLC 485,567 $8.44M 1.30% 1.10% 2026-06-30
20 Goldman Sachs Group Inc Custodian 478,277 $8.32M 1.28% 1.08% 2026-06-30
21 Susquehanna International Group, LLP Custodian 417,786 $7.27M 1.12% 0.95% 2026-06-30
22 Bank of New York Mellon Corp Custodian 404,653 $7.04M 1.08% 0.92% 2026-06-30
23 D. E. Shaw & Co., Inc. Custodian 383,587 $6.67M 1.03% 0.87% 2026-06-30
24 TUDOR INVESTMENT CORP ET AL 370,838 $6.45M 0.99% 0.84% 2026-06-30
25 CenterBook Partners LP 340,622 $5.92M 0.91% 0.77% 2026-06-30
11 filers$43.45M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $8.64M 19.89% 2026-06-30
2 Dayah Capital LLC $8.26M 19.01% 2026-06-30
3 GROUP ONE TRADING LLC Custodian $8.05M 18.52% 2026-06-30
4 Centiva Capital, LP $4.94M 11.37% 2026-06-30
5 Wolverine Trading, LLC Custodian $4.16M 9.58% 2025-09-30
6 Jane Street Group, LLC Custodian $3.22M 7.40% 2026-06-30
7 IMC-Chicago, LLC Custodian $2.62M 6.04% 2026-06-30
8 Citadel Advisors LLC Custodian $1.63M 3.76% 2026-06-30
9 PEAK6 LLC $1.48M 3.41% 2026-06-30
10 Simplex Trading, LLC Custodian $387.80K 0.89% 2026-06-30
11 Walleye Trading LLC $59.13K 0.14% 2026-06-30
10 filers$31.32M notional
# Filer Notional Value % of Total Period
1 Walleye Trading LLC $6.46M 20.63% 2026-06-30
2 Citadel Advisors LLC Custodian $6.17M 19.69% 2026-06-30
3 Caption Management, LLC $3.66M 11.70% 2026-06-30
4 Centiva Capital, LP $3.60M 11.49% 2026-06-30
5 Simplex Trading, LLC Custodian $3.42M 10.92% 2026-06-30
6 Susquehanna International Group, LLP Custodian $1.92M 6.14% 2026-06-30
7 IMC-Chicago, LLC Custodian $1.81M 5.78% 2026-06-30
8 TUDOR INVESTMENT CORP ET AL $1.77M 5.66% 2026-06-30
9 Jane Street Group, LLC Custodian $1.28M 4.09% 2026-06-30
10 GROUP ONE TRADING LLC Custodian $1.22M 3.90% 2026-06-30

HNRG Insider Trading (Form 4)

Latest: 2026-07-15
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-07-15 Barbara Ann Sugg Director Buy (P) +5,000 $17.13 $85.6K EDGAR
2026-07-10 Daniel Timothy Hudson Director Buy (P) +5,000 $16.58 $82.9K EDGAR
2026-06-25 Daniel Timothy Hudson Director Buy (P) +5,000 $17.30 $86.5K EDGAR
2026-06-25 Todd E Telesz Chief Financial Officer Mixed +5,609 $17.73 $99.4K EDGAR
2026-06-17 Charles Ray Wesley IV Director Buy (P) +15,000 $16.69 $250.3K EDGAR
2026-06-01 Daniel Timothy Hudson Director Grant (A) +4,927 RSU — EDGAR
2026-06-01 Zarrell Thomas Gray Director Award (A) — — EDGAR
2026-06-01 Barbara Ann Sugg Director Grant (A) +5,375 RSU — EDGAR
2026-06-01 Charles Ray Wesley IV Director Award (A) — — EDGAR
2026-06-01 David J Lubar Director Award (A) — — EDGAR
2026-04-16 Brent K Bilsland President and CEO Award (A) — — EDGAR
2026-04-16 Heath Aaron Lovell Chief Operating Officer Award (A) — — EDGAR
2026-04-16 Todd E Telesz Chief Financial Officer Grant (A) +15,998 RSU — EDGAR
2026-04-02 Heath Aaron Lovell Chief Operating Officer Mixed +22,761 $16.28 $370.5K EDGAR
2026-04-02 Brent K Bilsland President and CEO Mixed +59,107 $16.28 $962.3K EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

HNRG Insider Holdings

10 insiders · @ $10.99
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 David J Lubar Director 2,791,536 $30.68M $0 8 2026-06-01
2 Brent K Bilsland President and CEO 1,512,892 $16.63M -$1.41M 42 2026-04-16
3 Charles Ray Wesley IV Director 432,331 $4.75M $1.76M 17 2026-06-17
4 Heath Aaron Lovell Chief Operating Officer 152,713 $1.68M $0 7 2026-04-16
5 Zarrell Thomas Gray Director 76,480 $840.5K $353.1K 7 2026-06-01
6 David C Hardie Director 44,088 $484.5K -$17.68M 34 2026-01-02
7 Marjorie Anne Hargrave Chief Financial Officer 30,267 $332.6K $0 2 2025-04-02
8 Daniel Timothy Hudson Director 17,500 $192.3K $169.4K 3 2026-07-10
9 Todd E Telesz Chief Financial Officer 8,219 $90.3K $0 3 2026-06-25
10 Barbara Ann Sugg Director 5,000 $55.0K $85.6K 2 2026-07-15
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

HNRG Board & Officers

As of SEC filings through Jul 15, 2026

Directors 7

Officers 5

10% owners 1

Changes in the last 10 years (22)
Jun 8, 2026Matthew Bradford White became Chief Legal Officer
Apr 2, 2026Heath Aaron Lovell listed as Chief Operating Officer (previously President-Hallador Power) in SEC filings
Mar 6, 2026Daniel Timothy Hudson became a director
Jan 2, 2026David C Hardie reported in an SEC filing no longer being a director
Jan 1, 2026Barbara Ann Sugg became a director
Dec 1, 2025Eric Matthew Van Deman became Chief Accounting Officer
Jun 23, 2025Todd E Telesz became Chief Financial Officer
Sep 6, 2024Heath Aaron Lovell first listed as President-Hallador Power in an SEC filing
May 30, 2024Zarrell Thomas Gray became a director
May 2, 2024Lawrence D Martin reported in an SEC filing no longer being CFO
Apr 10, 2024Marjorie Anne Hargrave became Chief Financial Officer
Dec 5, 2023Robert Todd Davis reported in an SEC filing no longer being SVP & CAO
Feb 2, 2022Robert Todd Davis listed as SVP & CAO (previously Chief Accounting Officer) in SEC filings
Dec 20, 2021Lawrence D Martin no longer listed as a director in SEC filings
Dec 18, 2020Lawrence D Martin first listed as a director in an SEC filing
Feb 14, 2020Robert Todd Davis listed as Chief Accounting Officer (previously SVP & CAO) in SEC filings
Mar 13, 2019Robert Todd Davis became SVP & CAO
Nov 14, 2018Yorktown VIII Associates LLC reported in an SEC filing no longer being a 10% owner
Nov 14, 2018Yorktown Energy Partners VIII, L.P. reported in an SEC filing no longer being a 10% owner
Aug 14, 2018David J Lubar first listed as a director in an SEC filing
Not reported recently (3)
  • Marjorie Anne Hargrave · Last reported as Chief Financial Officer in an SEC filing dated Apr 2, 2025
  • Steven Hardie · Last reported as a director in an SEC filing dated Jun 1, 2023
  • Victor P Stabio · Last reported as a director in an SEC filing dated Jun 8, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

HNRG Proposed Insider Sales (Form 144)

Latest: 2025-11-13
Last 30d: 0 filings  ·  Last 90d: 0 filings

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2025-11-13 HALLADOR ALTERNATIVE ASSETS FUND LLC AFFILIATE OF DIRECTOR 415,127 $8.30M 2025-11-12 NATIONAL FINANCIAL SERVICES LLC — EDGAR
2025-11-12 DAVID HARDIE DIRECTOR 21,072 $421.4K 2025-11-12 NATIONAL FINANCIAL SERVICES LLC — EDGAR
2025-08-18 DAVID HARDIE DIRECTOR 139,089 $3.06M 2025-08-17 NATIONAL FINANCIAL SERVICES LLC, — EDGAR
2025-08-13 HALLADOR ALTERNATIVE ASSETS FUND LLC AFFILIATE OF DIRECTOR 511,000 $12.24M 2025-08-13 NATIONAL FINANCIAL SERVICES LLC — EDGAR
2025-05-16 DAVID HARDIE DIRECTOR 169,469 $3.05M 2025-05-16 NATIONAL FINANCIAL SERVICES LLC, — EDGAR
2025-05-12 HALLADOR ALTERNATIVE ASSETS FUND LLC AFFILIATE OF DIRECTOR 600,000 $6.45M 2025-05-15 NATIONAL FINANCIAL SERVICES LLC — EDGAR
2024-11-18 HALLADOR ALTERNATIVE ASSETS FUND LLC AFFILIATE OF DIRECTOR 425,980 $5.47M 2024-11-18 TOURMALINE PARTNERS, LLC — EDGAR
2023-05-18 Hallador Alternative Assets Fund LLC Affiliate of Director 331,370 $3.02M 2023-05-19 Tourmaline Partners, LLC — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
47 ETFs hold HNRG
25 shown · $82.11M total exposure · 0.02% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 AVUV Avantis U.S. Small Cap Value ETF Avantis 0.06% $18.2M $32.2B 2026-10-23
2 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.00% $15.5M — 2026-09-30
3 IWM iShares Russell 2000 ETF iShares (BlackRock) 0.01% $9.9M $74.6B 2026-10-23
4 VXF Vanguard Extended Market ETF Vanguard 0.01% $6.2M — 2026-09-30
5 DFAS Dimensional US Small Cap ETF Dimensional 0.01% $4.0M — 2026-10-23
6 IWO iShares Russell 2000 Growth ETF iShares (BlackRock) 0.03% $3.7M $13.7B 2026-10-23
7 SCHA Schwab U.S. Small-Cap ETF Nport 0.02% $3.5M — 2026-05-31
8 VPU Vanguard Utilities ETF Vanguard 0.04% $3.4M — 2026-09-30
9 FESM Fidelity Enhanced Small Cap Core ETF Fidelity 0.05% $3.0M $6.6B 2026-10-23
10 VTWO Vanguard Russell 2000 ETF Vanguard 0.02% $2.8M — 2026-09-30
11 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.00% $1.8M — 2026-10-23
12 DFMC Dimensional US Micro Cap ETF Dimensional 0.02% $1.7M — 2026-10-23
13 IWC iShares Micro-Cap ETF iShares (BlackRock) 0.10% $1.2M $1.2B 2026-10-23
14 JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF JPMorgan 0.14% $820,217 $573.3M 2026-10-26
15 AVSC Avantis U.S. Small Cap Equity ETF Avantis 0.02% $775,367 $3.2B 2026-10-23
16 COAL Range Global Coal Index ETF Nport 1.16% $762,041 — 2026-05-31
17 VAMO Cambria Value and Momentum ETF Nport 0.70% $757,172 — 2026-07-31
18 DUSG Dimensional US Small Cap Growth ETF Dimensional 0.03% $650,746 — 2026-10-23
19 ITOT iShares Core S&P Total U.S. Stock Market ETF iShares (BlackRock) 0.00% $646,911 $96.5B 2026-10-23
20 FUTY Fidelity MSCI Utilities Index ETF Fidelity 0.03% $529,262 $2.0B 2026-10-23
21 VTWG Vanguard Russell 2000 Growth ETF Vanguard 0.03% $526,380 — 2026-09-30
22 DCOR Dimensional US Core Equity 1 ETF Dimensional 0.00% $503,294 — 2026-10-23
23 PRFZ Invesco RAFI US 1500 Small-Mid ETF Nport 0.02% $491,145 — 2026-07-31
24 FSML Franklin Small Cap Enhanced ETF Franklin 0.26% $394,882 $150.3M 2026-10-26
25 SCHB Schwab U.S. Broad Market ETF Nport 0.00% $394,830 — 2026-05-31
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
20.74
TTM Diluted EPS
$0.53
TTM Revenue
$451.86M
TTM Net Income
$22.57M
TTM Op. Cash Flow
$63.21M
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q1 '262026-03-31$100.18M$-9.32M$-0.20$20.50M
Q4 '252025-12-31$101.94M$-240.00K$-0.01$8.16M
Q3 '252025-09-30$146.85M$23.88M$0.55$23.20M
Q2 '252025-06-30$102.89M$8.25M$0.19$11.36M
Q1 '252025-03-31$116.13M$9.98M$0.23$38.42M
Q4 '242024-12-31$93.39M$-215.79M$-5.45$38.95M
Q3 '242024-09-30$105.16M$1.55M$0.04$-12.91M
Q2 '242024-06-30$93.83M$-10.20M$-0.27$23.52M
Q1 '242024-03-31$110.31M$-1.70M$-0.05$16.37M
Q4 '232023-12-31$119.58M$-10.25M$-0.27$-20.11M
Q3 '232023-09-30$165.77M$16.07M$0.44$35.28M
Q2 '232023-06-30$161.19M$16.91M$0.47$18.13M
Q1 2026 • period ending 2026-03-31 • filed 2026-05-06
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
20.74
P/B
2.36
P/S
1.07
EV/EBITDA
—
EV/Sales
0.99
ROE
11.0%
ROA
5.0%
Div Yield
0.00%
FCF Yield
13.04%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$484.75M
as of 2026-10-26
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
4.04M
SI % of Float
10.86%
Days to Cover
5.41
Short Vol Ratio
65.9%
Free Float
37.20M
Float %
78.9%
Short interest 2026-09-30 • Short volume 2026-10-26 • Float 2026-09-22