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

Shares of Hallador Energy Company (NASDAQ:HNRG) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $26.6250.

A number of equities analysts recently issued reports on HNRG shares. Northland Securities boosted their target price on shares of Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. Weiss Ratings raised shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Jefferies Financial Group upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Finally, B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $27.00 in a research report on Friday, March 13th.

Hallador Energy Stock Performance

Hallador Energy stock opened at $16.25 on Friday. Hallador Energy has a 52 week low of $14.68 and a 52 week high of $24.70. The firm has a market capitalization of $765.86 million, a PE ratio of 30.66 and a beta of 0.24. The business’s 50-day simple moving average is $17.73 and its 200-day simple moving average is $18.09.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. The business had revenue of $101.81 million during the quarter, compared to analyst estimates of $102.28 million. Research analysts forecast that Hallador Energy will post 0.16 earnings per share for the current year.

Insider Activity at Hallador Energy

In other news, Director Charles Ray Iv Wesley acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were bought at an average price of $16.69 per share, with a total value of $250,350.00. Following the acquisition, the director owned 338,469 shares of the company’s stock, valued at $5,649,047.61. This trade represents a 4.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Timothy Hudson acquired 10,000 shares of the stock in a transaction dated Monday, June 29th. The shares were purchased at an average price of $16.94 per share, for a total transaction of $169,400.00. Following the completion of the transaction, the director owned 15,000 shares of the company’s stock, valued at $254,100. This trade represents a 200.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 30,000 shares of company stock valued at $506,270. Insiders own 17.43% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Value Aligned Research Advisors LLC raised its stake in shares of Hallador Energy by 1,038.2% in the 3rd quarter. Value Aligned Research Advisors LLC now owns 320,759 shares of the energy company’s stock valued at $6,277,000 after buying an additional 292,577 shares in the last quarter. Lubar & Co. Inc bought a new position in shares of Hallador Energy during the 4th quarter worth about $103,806,000. American Century Companies Inc. boosted its position in shares of Hallador Energy by 10.6% during the 3rd quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock valued at $23,188,000 after acquiring an additional 113,547 shares in the last quarter. Apis Capital Advisors LLC boosted its position in shares of Hallador Energy by 7.0% during the 4th quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock valued at $17,403,000 after acquiring an additional 60,000 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in shares of Hallador Energy during the 4th quarter valued at about $1,363,000. 61.38% of the stock is owned by institutional investors.

Hallador Energy Company Profile

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.