Insider Buying: Hallador Energy (NASDAQ:HNRG) Director Buys 10,000 Shares of Stock

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson bought 10,000 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was acquired at an average price of $16.94 per share, for a total transaction of $169,400.00. Following the acquisition, the director directly owned 15,000 shares in the company, valued at $254,100. This trade represents a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Daniel Timothy Hudson also recently made the following trade(s):

• On Thursday, June 25th, Daniel Timothy Hudson acquired 2,000 shares of Hallador Energy stock. The shares were acquired at an average cost of $17.70 per share, for a total transaction of $35,400.00.
• On Wednesday, June 24th, Daniel Timothy Hudson bought 3,000 shares of Hallador Energy stock. The shares were acquired at an average cost of $17.04 per share, for a total transaction of $51,120.00.

Hallador Energy Price Performance

Shares of HNRG stock traded up $0.46 during trading on Tuesday, reaching $17.39. The company had a trading volume of 947,353 shares, compared to its average volume of 803,874. The company has a market capitalization of $819.59 million, a PE ratio of 32.81 and a beta of 0.22. The firm’s 50 day simple moving average is $17.69 and its two-hundred day simple moving average is $18.17. Hallador Energy Company has a one year low of $14.68 and a one year high of $24.70.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data 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 return on equity of 14.25% and a net margin of 4.98%.The business had revenue of $101.81 million during the quarter, compared to the consensus estimate of $102.28 million. Analysts forecast that Hallador Energy Company will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HNRG. Royal Bank of Canada increased its stake 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. acquired a new stake in Hallador Energy in the 2nd quarter valued at about $27,000. Summit Securities Group LLC acquired a new position in shares of Hallador Energy during the 1st quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Hallador Energy by 11,110.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after buying an additional 2,111 shares during the period. Finally, USA Financial Formulas acquired 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.

Wall Street Analyst Weigh In

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

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.