Brokerages Set Hallador Energy Company (NASDAQ:HNRG) PT at $22.67

Shares of Hallador Energy Company (NASDAQ:HNRG) have earned a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $22.6667.

HNRG has been the subject of a number of analyst reports. Industrial Alliance Securities set a $28.00 price target on shares of Hallador Energy in a research note on Tuesday, November 11th. Alliance Global Partners reissued a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a research report on Thursday, January 22nd. Wall Street Zen upgraded Hallador Energy from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, Zacks Research lowered Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th.

Hallador Energy Trading Up 5.6%

Shares of Hallador Energy stock opened at $18.78 on Tuesday. Hallador Energy has a 52-week low of $8.37 and a 52-week high of $24.70. The firm has a market capitalization of $823.13 million, a PE ratio of -4.19 and a beta of 0.23. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.31. The company’s fifty day moving average price is $19.56 and its two-hundred day moving average price is $19.06.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Monday, November 10th. The energy company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.49. The company had revenue of $146.85 million during the quarter, compared to the consensus estimate of $110.92 million. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%. On average, analysts expect that Hallador Energy will post -0.31 EPS for the current year.

Insider Buying and Selling at Hallador Energy

In other news, Director Charles Ray Iv Wesley bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average price of $17.83 per share, for a total transaction of $356,600.00. Following the transaction, the director directly owned 267,914 shares of the company’s stock, valued at $4,776,906.62. This trade represents a 8.07% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 23.73% of the company’s stock.

Institutional Trading of Hallador Energy

Large investors have recently added to or reduced their stakes in the company. Versor Investments LP acquired a new stake in shares of Hallador Energy during the fourth quarter worth approximately $217,000. Lubar & Co. Inc bought a new stake in Hallador Energy during the 4th quarter worth approximately $103,806,000. Levin Capital Strategies L.P. increased its holdings in Hallador Energy by 2.9% during the 4th quarter. Levin Capital Strategies L.P. now owns 42,308 shares of the energy company’s stock valued at $806,000 after purchasing an additional 1,191 shares in the last quarter. Pekin Hardy Strauss Inc. increased its holdings in Hallador Energy by 11.0% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 50,600 shares of the energy company’s stock valued at $963,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Hallador Energy in the 4th quarter valued at $162,000. 61.38% of the stock is owned by institutional investors.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.