Insider Buying: Victor P. Stabio Buys 10,000 Shares of Hallador Energy Stock (HNRG)
Hallador Energy (NASDAQ:HNRG) Chairman Victor P. Stabio acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $12.97 per share, for a total transaction of $129,700.00. Following the completion of the purchase, the chairman now directly owns 116,180 shares in the company, valued at approximately $1,506,855. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Hallador Energy (NASDAQ:HNRG) opened at 13.10 on Thursday. Hallador Energy has a 1-year low of $6.58 and a 1-year high of $14.35. The stock has a 50-day moving average of $12.89 and a 200-day moving average of $9.79. The company has a market cap of $376.9 million and a price-to-earnings ratio of 23.96.
Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, August 18th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $0.03. On average, analysts predict that Hallador Energy will post $0.46 earnings per share for the current fiscal year.
A number of research firms have recently commented on HNRG. Analysts at Cowen and Company raised their price target on shares of Hallador Energy from $10.50 to $16.00 in a research note on Wednesday, August 6th. Analysts at Brean Capital raised their price target on shares of Hallador Energy from $11.00 to $16.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock.
Hallador Energy Company is engaged in underground coal mining in the state of Indiana through Sunrise Coal LLC (NASDAQ:HNRG) serving the electric power generation industry.
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