Insider Buying: Hallador Energy (NASDAQ:HNRG) Director Acquires $51,120.00 in Stock

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson acquired 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was bought at an average price of $17.04 per share, for a total transaction of $51,120.00. Following the acquisition, the director owned 3,000 shares of the company’s stock, valued at approximately $51,120. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, June 25th, Daniel Timothy Hudson bought 2,000 shares of Hallador Energy stock. The shares were bought at an average price of $17.70 per share, with a total value of $35,400.00.

Hallador Energy Price Performance

HNRG opened at $17.53 on Friday. The stock’s 50 day simple moving average is $17.65 and its 200 day simple moving average is $18.26. The firm has a market cap of $826.19 million, a price-to-earnings ratio of 33.08 and a beta of 0.22. Hallador Energy Company has a 1 year low of $14.68 and a 1 year high of $24.70.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in Hallador Energy by 92.5% in the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after purchasing an additional 679 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Hallador Energy during the 2nd quarter valued at about $27,000. Summit Securities Group LLC purchased a new position in shares of Hallador Energy during the first quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its position in shares of Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after buying an additional 2,111 shares during the period. Finally, USA Financial Formulas bought a new position in Hallador Energy in the fourth quarter worth about $42,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on HNRG. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday. Weiss Ratings raised shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Northland Securities increased their target price on shares of 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 raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Finally, B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.00 to $27.00 in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.62.

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.