Insider Buying: Hallador Energy (NASDAQ:HNRG) Director Purchases $169,400.00 in Stock

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson purchased 10,000 shares of Hallador Energy stock in a transaction dated Monday, June 29th. The stock was acquired at an average price of $16.94 per share, with a total value of $169,400.00. Following the acquisition, the director owned 15,000 shares in the company, valued at approximately $254,100. This represents a 200.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

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

Hallador Energy Stock Down 3.2%

Shares of NASDAQ:HNRG opened at $16.25 on Friday. The company has a market capitalization of $765.86 million, a price-to-earnings ratio of 30.66 and a beta of 0.24. Hallador Energy Company has a 52 week low of $14.68 and a 52 week high of $24.70. The firm has a 50 day moving average of $17.73 and a 200 day moving average of $18.09.

Hallador Energy (NASDAQ:HNRG) last posted its 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 return on equity of 14.25% and a net margin of 4.98%.The company had revenue of $101.81 million for the quarter, compared to analysts’ expectations of $102.28 million. On average, sell-side analysts expect that Hallador Energy Company will post 0.16 EPS for the current year.

Institutional Trading of Hallador Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Hallador Energy by 92.5% in the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 679 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Hallador Energy in the second quarter worth about $27,000. Summit Securities Group LLC acquired a new stake in shares of Hallador Energy during the first quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its position in Hallador Energy by 11,110.5% in 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 last quarter. Finally, USA Financial Formulas purchased a new stake in Hallador Energy in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

Analyst Upgrades and Downgrades

HNRG has been the topic of a number of recent research reports. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $27.00 in a research report on Friday, March 13th. 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. Northland Securities raised their price target on shares of Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. Finally, Jefferies Financial Group raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.