Hallador Energy (NASDAQ:HNRG) Director Daniel Timothy Hudson Acquires 2,000 Shares of Stock

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson bought 2,000 shares of Hallador Energy stock in a transaction on Thursday, June 25th. The shares were purchased at an average price of $17.70 per share, for a total transaction of $35,400.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $88,500. This trade represents a 66.67% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, June 24th, Daniel Timothy Hudson bought 3,000 shares of Hallador Energy stock. The stock was acquired at an average cost of $17.04 per share, for a total transaction of $51,120.00.

Hallador Energy Stock Performance

Shares of HNRG opened at $18.15 on Friday. Hallador Energy Company has a fifty-two week low of $14.46 and a fifty-two week high of $24.70. The firm’s 50-day simple moving average is $17.62 and its two-hundred day simple moving average is $18.27. The stock has a market cap of $855.41 million, a PE ratio of 34.25 and a beta of 0.22.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results 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 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%. Equities research analysts predict that Hallador Energy Company will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

HNRG has been the subject of several research analyst reports. Northland Securities lifted their price objective on 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 upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” 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 Saturday, May 23rd. B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $27.00 in a research note on Friday, March 13th. Finally, Weiss Ratings raised shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hallador Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.62.

Institutional Trading of Hallador Energy

Several hedge funds have recently bought and sold shares of HNRG. Royal Bank of Canada increased 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 acquiring an additional 679 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Hallador Energy during the second quarter valued at approximately $27,000. Summit Securities Group LLC bought a new position in shares of Hallador Energy in the first quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its stake in shares of 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 worth $34,000 after purchasing an additional 2,111 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of Hallador Energy in the fourth quarter worth $42,000. Institutional investors own 61.38% of the company’s stock.

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.