Hallador Energy (NASDAQ:HNRG) Director Buys $356,600.00 in Stock

Hallador Energy Company (NASDAQ:HNRG) Director Charles Ray Iv Wesley bought 20,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were acquired at an average price of $17.83 per share, with a total value of $356,600.00. Following the completion of the acquisition, the director directly owned 267,914 shares in the company, valued at $4,776,906.62. This represents a 8.07% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Charles Ray Iv Wesley also recently made the following trade(s):

• On Friday, November 21st, Charles Ray Iv Wesley purchased 13,000 shares of Hallador Energy stock. The stock was acquired at an average cost of $19.28 per share, for a total transaction of $250,640.00.

Hallador Energy Stock Up 5.0%

HNRG stock opened at $19.30 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. The company’s 50 day simple moving average is $20.49 and its 200-day simple moving average is $18.31. Hallador Energy Company has a 12 month low of $8.37 and a 12 month high of $24.70. The firm has a market capitalization of $846.09 million, a PE ratio of -4.31 and a beta of 0.34.

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

Institutional Investors Weigh In On Hallador Energy

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of Hallador Energy by 8.8% in the 2nd quarter. Geode Capital Management LLC now owns 759,770 shares of the energy company’s stock valued at $12,029,000 after purchasing an additional 61,666 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in Hallador Energy during the 2nd quarter worth approximately $319,000. Vanguard Group Inc. raised its holdings in Hallador Energy by 4.0% in the first quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company’s stock valued at $20,797,000 after buying an additional 65,652 shares during the period. Jump Financial LLC purchased a new position in Hallador Energy in the first quarter valued at approximately $1,126,000. Finally, American Century Companies Inc. lifted its position in Hallador Energy by 15.8% during the second quarter. American Century Companies Inc. now owns 1,071,326 shares of the energy company’s stock valued at $16,959,000 after buying an additional 146,514 shares in the last quarter. 61.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HNRG has been the subject of a number of recent research reports. Zacks Research upgraded Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Wall Street Zen upgraded shares of Hallador Energy from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Industrial Alliance Securities set a $28.00 price objective on shares of Hallador Energy in a research report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a research report on Wednesday, October 8th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Hallador Energy in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

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.