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

Hallador Energy Company (NASDAQ:HNRG) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $26.6250.

A number of equities research analysts have weighed in on the company. Weiss Ratings raised Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Wall Street Zen raised Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th.

Insider Transactions at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley purchased 15,000 shares of Hallador Energy stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the acquisition, the director owned 338,469 shares in the company, valued at $5,649,047.61. This trade represents a 4.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel Timothy Hudson purchased 5,000 shares of the stock in a transaction dated Thursday, July 9th. The stock was acquired at an average cost of $16.58 per share, with a total value of $82,900.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at approximately $331,600. This trade represents a 33.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 35,000 shares of company stock valued at $589,170. 17.43% of the stock is owned by insiders.

Hedge Funds Weigh In On Hallador Energy

A number of large investors have recently bought and sold shares of HNRG. Royal Bank of Canada lifted its holdings in Hallador Energy by 92.5% during the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after buying an additional 679 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Hallador Energy in the 2nd quarter valued at $27,000. Summit Securities Group LLC bought a new position in shares of Hallador Energy in the 1st quarter worth $31,000. EverSource Wealth Advisors LLC raised its position in shares of Hallador Energy by 11,110.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after acquiring an additional 2,111 shares in the last quarter. Finally, USA Financial Formulas bought a new position in shares of Hallador Energy in the 4th quarter worth $42,000. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Stock Performance

Shares of NASDAQ:HNRG opened at $14.22 on Tuesday. The firm’s 50 day simple moving average is $16.97 and its 200-day simple moving average is $17.60. Hallador Energy has a one year low of $13.65 and a one year high of $24.70. The firm has a market cap of $670.19 million, a PE ratio of 26.83 and a beta of 0.24.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly 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). The firm had revenue of $101.81 million during the quarter, compared to analysts’ expectations of $102.28 million. Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. Equities research analysts predict that Hallador Energy will post 0.16 EPS for the current fiscal 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.