Hallador Energy Company (NASDAQ:HNRG) Receives $26.63 Consensus Target Price from Analysts

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

Several research firms have recently weighed in on HNRG. Northland Securities lifted their price objective on Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 26th. Wall Street Zen raised Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $27.00 in a research report on Friday, March 13th. Finally, Weiss Ratings raised Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th.

Institutional Trading of Hallador Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position 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 valued at $27,000 after buying an additional 679 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Hallador Energy in the 2nd quarter valued at about $27,000. Summit Securities Group LLC bought a new stake in Hallador Energy in the 1st quarter valued at about $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 valued at $34,000 after buying an additional 2,111 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in Hallador Energy in the 4th quarter valued at about $42,000. 61.38% of the stock is owned by institutional investors.

Hallador Energy Trading Up 1.9%

HNRG stock opened at $16.44 on Monday. The stock has a 50-day moving average price of $17.16 and a 200-day moving average price of $18.38. Hallador Energy has a 1-year low of $14.42 and a 1-year high of $24.70. The firm has a market cap of $774.82 million, a PE ratio of 31.02 and a beta of 0.22.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data 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). Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%.The business had revenue of $101.81 million during the quarter, compared to the consensus estimate of $102.28 million. On average, analysts forecast that Hallador Energy will post 0.16 earnings per share for the current 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.