Analysts Set Hallador Energy Company (NASDAQ:HNRG) Price Target at $26.62

Hallador Energy Company (NASDAQ:HNRG) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $26.6250.

Several analysts have weighed in on the company. Northland Securities lifted their target price on Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $23.00 to $27.00 in a research report on Friday, March 13th. Jefferies Financial Group raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Finally, Weiss Ratings upgraded shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, May 7th.

Insider Buying and Selling at Hallador Energy

In other news, Director Charles Ray Iv Wesley bought 15,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was bought at an average cost of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the acquisition, the director directly owned 338,469 shares in the company, valued at $5,649,047.61. This represents a 4.64% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel Timothy Hudson purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were bought at an average price of $16.94 per share, with a total value of $169,400.00. Following the completion of the acquisition, the director owned 15,000 shares of the company’s stock, valued at $254,100. This trade represents a 200.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 30,000 shares of company stock valued at $506,270. Corporate insiders own 17.43% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its stake 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 worth $27,000 after purchasing an additional 679 shares during the period. Raymond James Financial Inc. acquired a new stake in Hallador Energy in the 2nd quarter valued at approximately $27,000. Summit Securities Group LLC bought a new position in Hallador Energy in the 1st quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its position in 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 buying an additional 2,111 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of Hallador Energy during the fourth quarter worth approximately $42,000. 61.38% of the stock is owned by institutional investors and hedge funds.

Hallador Energy Stock Down 5.8%

Shares of NASDAQ HNRG opened at $15.53 on Friday. The stock’s 50 day moving average price is $17.74 and its two-hundred day moving average price is $18.01. Hallador Energy has a 52-week low of $14.68 and a 52-week high of $24.70. The stock has a market capitalization of $731.93 million, a P/E ratio of 29.30 and a beta of 0.24.

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