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

Hallador Energy Company (NASDAQ:HNRG) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $22.6667.

HNRG has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a research note on Wednesday, October 8th. Alliance Global Partners reaffirmed a “buy” rating on shares of Hallador Energy in a research note on Tuesday, November 11th. Industrial Alliance Securities set a $28.00 price objective on Hallador Energy in a research report on Tuesday, November 11th. Zacks Research raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Finally, Wall Street Zen upgraded Hallador Energy from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th.

Hallador Energy Trading Down 2.2%

Shares of Hallador Energy stock opened at $22.30 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.31. Hallador Energy has a 1 year low of $8.37 and a 1 year high of $24.70. The firm has a market cap of $977.41 million, a PE ratio of -4.98 and a beta of 0.34. The company has a 50 day simple moving average of $20.54 and a two-hundred day simple moving average of $18.24.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Monday, November 10th. The energy company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.49. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%. The firm had revenue of $146.85 million for the quarter, compared to analyst estimates of $110.92 million. Analysts expect that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Insider Activity at Hallador Energy

In other news, Director David C. Hardie sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $19.53, for a total value of $1,953,000.00. Following the completion of the sale, the director directly owned 21,072 shares in the company, valued at approximately $411,536.16. The trade was a 82.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles Ray Iv Wesley acquired 13,000 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was acquired at an average cost of $19.28 per share, with a total value of $250,640.00. Following the purchase, the director directly owned 247,914 shares in the company, valued at $4,779,781.92. This represents a 5.53% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 372,062 shares of company stock worth $7,232,705 over the last three months. Insiders own 23.73% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Hallador Energy by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company’s stock valued at $20,797,000 after acquiring an additional 65,652 shares during the last quarter. Invesco Ltd. increased its stake in Hallador Energy by 356.4% in the 1st quarter. Invesco Ltd. now owns 273,300 shares of the energy company’s stock worth $3,356,000 after purchasing an additional 213,421 shares during the period. Virtu Financial LLC purchased a new position in Hallador Energy in the 1st quarter worth approximately $165,000. Nuveen LLC bought a new stake in Hallador Energy in the first quarter valued at approximately $1,090,000. Finally, Fox Run Management L.L.C. bought a new stake in Hallador Energy in the first quarter valued at approximately $193,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Company Profile

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.