Hallador Energy Company (NASDAQ:HNRG) Given Average Recommendation of “Moderate Buy” by Analysts

Hallador Energy Company (NASDAQ:HNRG) has earned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $26.6250.

Several research firms have issued reports on HNRG. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. Northland Securities boosted their target price on Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $23.00 to $27.00 in a report on Friday, March 13th. Weiss Ratings upgraded Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th.

Hallador Energy Trading Up 2.8%

Shares of NASDAQ HNRG opened at $16.54 on Friday. The stock has a market cap of $779.53 million, a price-to-earnings ratio of 31.21 and a beta of 0.24. Hallador Energy has a 1-year low of $14.68 and a 1-year high of $24.70. The stock’s 50-day moving average is $17.75 and its 200 day moving average is $17.98.

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

Insider Activity at Hallador Energy

In other news, Director Daniel Timothy Hudson bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were bought at an average cost of $16.94 per share, with a total value of $169,400.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at $254,100. This represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles Ray Iv Wesley purchased 15,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price 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 $5,649,047.61. The trade was a 4.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 30,000 shares of company stock worth $506,270 in the last 90 days. Company insiders own 17.43% of the company’s stock.

Institutional Trading of Hallador Energy

Institutional investors have recently modified their holdings of the company. Lubar & Co. Inc bought a new stake in shares of Hallador Energy in the fourth quarter worth about $103,806,000. Ameriprise Financial Inc. bought a new position in Hallador Energy during the 2nd quarter valued at approximately $18,735,000. Empyrean Capital Partners LP purchased a new stake in Hallador Energy in the 1st quarter worth approximately $8,140,000. Millennium Management LLC boosted its holdings in Hallador Energy by 1,745.5% in the third quarter. Millennium Management LLC now owns 525,080 shares of the energy company’s stock valued at $10,276,000 after acquiring an additional 496,628 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Hallador Energy by 1,720.9% during the 4th quarter. Deutsche Bank AG now owns 405,277 shares of the energy company’s stock valued at $7,716,000 after purchasing an additional 383,020 shares in the last quarter. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

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.