Hallador Energy (NASDAQ:HNRG) Director Daniel Timothy Hudson Acquires 5,000 Shares of Stock

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was purchased at an average cost of $16.58 per share, with a total value of $82,900.00. Following the acquisition, the director directly owned 20,000 shares of the company’s stock, valued at $331,600. This trade represents a 33.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Daniel Timothy Hudson also recently made the following trade(s):

• On Monday, June 29th, Daniel Timothy Hudson bought 10,000 shares of Hallador Energy stock. The stock was purchased at an average cost of $16.94 per share, for a total transaction of $169,400.00.
• On Thursday, June 25th, Daniel Timothy Hudson bought 2,000 shares of Hallador Energy stock. The stock was bought at an average cost of $17.70 per share, for a total transaction of $35,400.00.
• On Wednesday, June 24th, Daniel Timothy Hudson bought 3,000 shares of Hallador Energy stock. The shares were bought at an average price of $17.04 per share, for a total transaction of $51,120.00.

Hallador Energy Stock Down 1.3%

NASDAQ:HNRG traded down $0.21 during mid-day trading on Friday, hitting $16.33. 382,693 shares of the company traded hands, compared to its average volume of 802,332. The stock’s fifty day moving average price is $17.78 and its 200-day moving average price is $17.96. The firm has a market cap of $769.63 million, a price-to-earnings ratio of 30.81 and a beta of 0.24. Hallador Energy Company has a one year low of $14.68 and a one year high of $24.70.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%.The company had revenue of $101.81 million during the quarter, compared to the consensus estimate of $102.28 million. Equities analysts predict that Hallador Energy Company will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HNRG shares. Weiss Ratings raised shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, June 28th. Northland Securities raised their price objective on shares of Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. 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 shares of Hallador Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $23.00 to $27.00 in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.62.

Institutional Trading of Hallador Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in Hallador Energy by 1.9% in the 1st quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock worth $1,271,000 after purchasing an additional 1,950 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Hallador Energy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock valued at $187,000 after buying an additional 624 shares in the last quarter. Millennium Management LLC raised its position in shares of Hallador Energy by 1,233.6% during the first quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock valued at $5,975,000 after buying an additional 450,049 shares during the last quarter. Empowered Funds LLC raised its position in shares of Hallador Energy by 5.5% during the first quarter. Empowered Funds LLC now owns 246,106 shares of the energy company’s stock valued at $3,022,000 after buying an additional 12,921 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Hallador Energy in the 1st quarter worth $807,000. Institutional investors 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.