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

Shares of Hallador Energy Company (NASDAQ:HNRG) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $22.6667.

Several equities analysts have issued reports on HNRG shares. Alliance Global Partners reissued a “buy” rating on shares of Hallador Energy in a research note on Tuesday, November 11th. Zacks Research upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Wall Street Zen upgraded shares of Hallador Energy from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a report on Wednesday, October 8th. Finally, Industrial Alliance Securities set a $28.00 price target on shares of Hallador Energy in a research note on Tuesday, November 11th.

Hallador Energy Price Performance

HNRG stock opened at $18.63 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. The firm has a market cap of $816.55 million, a price-to-earnings ratio of -4.16 and a beta of 0.26. The company’s fifty day simple moving average is $20.11 and its 200 day simple moving average is $18.56. Hallador Energy has a 12-month low of $8.37 and a 12-month high of $24.70.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Monday, November 10th. The energy company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.49. The firm had revenue of $146.85 million during 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%. On average, analysts expect that Hallador Energy will post -0.31 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Charles Ray Iv Wesley purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average cost of $17.83 per share, with a total value of $356,600.00. Following the purchase, the director owned 267,914 shares in the company, valued at $4,776,906.62. This represents a 8.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 23.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Hallador Energy

Hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hallador Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock worth $187,000 after purchasing an additional 624 shares during the period. Rhumbline Advisers grew its position in Hallador Energy by 2.5% in the 1st quarter. Rhumbline Advisers now owns 37,607 shares of the energy company’s stock valued at $462,000 after purchasing an additional 935 shares during the period. SummerHaven Investment Management LLC increased its stake in Hallador Energy by 1.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 107,766 shares of the energy company’s stock valued at $1,706,000 after purchasing an additional 1,016 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in Hallador Energy by 68.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock worth $50,000 after buying an additional 1,283 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Hallador Energy during the third quarter worth $32,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

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.