Analysts Set Hallador Energy Company (NASDAQ:HNRG) Price Target at $22.67

Shares of Hallador Energy Company (NASDAQ:HNRG) have earned an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $22.6667.

HNRG has been the topic of a number of analyst reports. iA Financial set a $28.00 price target on Hallador Energy in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. Zacks Research lowered shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average cost of $17.83 per share, with a total value of $356,600.00. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 23.73% of the company’s stock.

Institutional Investors Weigh In On Hallador Energy

Several institutional investors and hedge funds have recently bought and sold shares of HNRG. Royal Bank of Canada grew its position in shares of Hallador Energy by 92.5% in the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after buying an additional 679 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Hallador Energy in the second quarter worth $27,000. State of Alaska Department of Revenue bought a new stake in Hallador Energy in the third quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its holdings in Hallador Energy by 11,110.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after acquiring an additional 2,111 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in Hallador Energy during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Stock Up 4.3%

Shares of NASDAQ:HNRG opened at $18.97 on Friday. The stock has a market capitalization of $831.46 million, a P/E ratio of -4.23 and a beta of 0.22. The stock’s 50-day moving average price is $19.19 and its 200-day moving average price is $19.27. The company has a current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 0.02. Hallador Energy has a 12-month low of $8.37 and a 12-month high of $24.70.

Hallador Energy Company Profile

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.