Stock Traders Buy High Volume of Call Options on Hallador Energy (NASDAQ:HNRG)

Hallador Energy Company (NASDAQ:HNRG) saw some unusual options trading activity on Tuesday. Stock traders acquired 3,037 call options on the stock. This represents an increase of approximately 50% compared to the typical volume of 2,025 call options.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Northland Securities raised 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. Weiss Ratings raised Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Hallador Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. Finally, Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.62.

Insider Buying and Selling at Hallador Energy

In related news, Director Daniel Timothy Hudson purchased 5,000 shares of Hallador Energy stock in a transaction on Thursday, July 9th. The stock was acquired at an average cost of $16.58 per share, for a total transaction of $82,900.00. Following the completion of the acquisition, the director owned 20,000 shares of the company’s stock, valued at $331,600. This trade represents a 33.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles Ray Iv Wesley purchased 15,000 shares of the firm’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 purchase, the director owned 338,469 shares of the company’s stock, valued at approximately $5,649,047.61. This represents a 4.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 35,000 shares of company stock valued at $589,170 in the last quarter. 17.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hallador Energy

Several institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings 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 acquiring an additional 679 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Hallador Energy in the second quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in shares of Hallador Energy in the first quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its position in shares of Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after purchasing an additional 2,111 shares in the last quarter. Finally, USA Financial Formulas bought a new position in shares of Hallador Energy during the fourth quarter valued at about $42,000. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Price Performance

NASDAQ:HNRG opened at $16.41 on Thursday. The firm has a 50-day moving average of $17.75 and a 200-day moving average of $17.90. The company has a market cap of $773.40 million, a PE ratio of 30.96 and a beta of 0.24. Hallador Energy has a one year low of $14.68 and a one year high of $24.70.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share 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 analyst estimates of $102.28 million. Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%. On average, equities research analysts expect that Hallador Energy will post 0.16 earnings per share for the current fiscal year.

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.