Hallador Energy (NASDAQ:HNRG) Director Buys $250,350.00 in Stock

Hallador Energy Company (NASDAQ:HNRG) Director Charles Ray Iv Wesley acquired 15,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was bought at an average cost of $16.69 per share, with a total value of $250,350.00. Following the completion of the acquisition, the director directly owned 338,469 shares in the company, valued at approximately $5,649,047.61. This represents a 4.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Hallador Energy Stock Performance

HNRG opened at $19.45 on Friday. The firm has a market cap of $916.68 million, a P/E ratio of 36.70 and a beta of 0.22. Hallador Energy Company has a 52-week low of $14.42 and a 52-week high of $24.70. The business’s fifty day moving average is $17.38 and its 200-day moving average is $18.32.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. The company had revenue of $101.81 million during the quarter, compared to analyst estimates of $102.28 million. On average, research analysts predict that Hallador Energy Company will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HNRG. Jefferies Financial Group raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. Weiss Ratings raised shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $23.00 to $27.00 in a research note on Friday, March 13th. Finally, Northland Securities raised their target price on Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Hallador Energy presently has an average rating of “Moderate Buy” and an average target price of $26.62.

Institutional Investors Weigh In On Hallador Energy

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Hallador Energy by 92.5% during the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after purchasing an additional 679 shares in the last quarter. Raymond James Financial Inc. bought a new position in Hallador Energy in the 2nd quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new stake in Hallador Energy in the first quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its position 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 buying an additional 2,111 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Hallador Energy during the fourth quarter worth $42,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

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.