Stock Traders Purchase Large Volume of Hallador Energy Call Options (NASDAQ:HNRG)

Hallador Energy Company (NASDAQ:HNRG) was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 3,037 call options on the stock. This represents an increase of 50% compared to the typical daily volume of 2,025 call options.

Insider Transactions at Hallador Energy

In other news, Director Daniel Timothy Hudson bought 10,000 shares of Hallador Energy stock in a transaction on Monday, June 29th. The stock was purchased at an average cost of $16.94 per share, with a total value of $169,400.00. Following the purchase, the director directly owned 15,000 shares of the company’s stock, valued at approximately $254,100. This trade represents a 200.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Charles Ray Iv Wesley bought 15,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was purchased at an average price of $16.69 per share, with a total value of $250,350.00. Following the transaction, the director owned 338,469 shares in the company, valued at $5,649,047.61. The trade was a 4.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 35,000 shares of company stock valued at $589,170 over the last three months. 17.43% of the stock is currently owned by company insiders.

Institutional Trading of Hallador Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Empyrean Capital Partners LP acquired a new stake in Hallador Energy during the first quarter valued at approximately $8,140,000. Quantinno Capital Management LP boosted its holdings in Hallador Energy by 28.0% during the first quarter. Quantinno Capital Management LP now owns 29,325 shares of the energy company’s stock worth $477,000 after buying an additional 6,417 shares in the last quarter. Corsair Capital Management L.P. grew its position in Hallador Energy by 26.1% in the first quarter. Corsair Capital Management L.P. now owns 41,009 shares of the energy company’s stock worth $668,000 after buying an additional 8,500 shares during the last quarter. Galaxy Digital Inc. acquired a new position in Hallador Energy in the first quarter worth approximately $1,628,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Hallador Energy by 2.9% in the first quarter. Renaissance Technologies LLC now owns 308,255 shares of the energy company’s stock valued at $5,018,000 after buying an additional 8,800 shares in the last quarter. 61.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Northland Securities increased their price objective on Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. Jefferies Financial Group upgraded Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 26th. Weiss Ratings raised Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.62.

Hallador Energy Trading Up 2.5%

NASDAQ:HNRG traded up $0.42 during mid-day trading on Tuesday, reaching $17.10. 145,989 shares of the stock were exchanged, compared to its average volume of 808,980. The business has a fifty day moving average price of $17.80 and a 200 day moving average price of $17.93. Hallador Energy has a 1-year low of $14.68 and a 1-year high of $24.70. The firm has a market capitalization of $805.92 million, a PE ratio of 32.28 and a beta of 0.24.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share 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. On average, sell-side analysts forecast that Hallador Energy will post 0.16 earnings per share for the current year.

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.