Hallador Energy Company (NASDAQ:HNRG) Receives $26.62 Average Price Target from Brokerages

Shares of Hallador Energy Company (NASDAQ:HNRG) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $26.6250.

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

Insider Activity at Hallador Energy

In other news, Director Daniel Timothy Hudson bought 10,000 shares of the stock in a transaction on Monday, June 29th. The shares were acquired at an average cost of $16.94 per share, for a total transaction of $169,400.00. Following the purchase, the director directly owned 15,000 shares of the company’s stock, valued at $254,100. This trade represents a 200.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles Ray Iv Wesley purchased 15,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was purchased at an average cost of $16.69 per share, with a total value of $250,350.00. Following the completion of the acquisition, the director owned 338,469 shares in the company, valued at approximately $5,649,047.61. This trade represents a 4.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 35,000 shares of company stock valued at $589,170. 17.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its position 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 buying an additional 679 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Hallador Energy during the second quarter worth about $27,000. Summit Securities Group LLC purchased a new position in Hallador Energy during the first quarter worth about $31,000. EverSource Wealth Advisors LLC grew its position in 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 worth $34,000 after buying an additional 2,111 shares in the last quarter. Finally, USA Financial Formulas bought a new position in Hallador Energy in the 4th quarter worth about $42,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

Hallador Energy Price Performance

Hallador Energy stock opened at $14.61 on Tuesday. The firm has a market capitalization of $688.57 million, a P/E ratio of 27.57 and a beta of 0.24. Hallador Energy has a one year low of $13.65 and a one year high of $24.70. The business has a fifty day moving average price of $17.04 and a 200-day moving average price of $17.62.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data 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 company had revenue of $101.81 million for 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%. Sell-side analysts expect that Hallador Energy will post 0.16 earnings per share for the current fiscal year.

About Hallador Energy

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.