Insider Buying: Hallador Energy (NASDAQ:HNRG) Director Buys 2,000 Shares of Stock

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson purchased 2,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were purchased at an average price of $17.70 per share, with a total value of $35,400.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at $88,500. This represents a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

Hallador Energy Price Performance

Shares of NASDAQ HNRG traded up $0.43 during midday trading on Thursday, reaching $18.13. 275,986 shares of the stock traded hands, compared to its average volume of 811,011. The stock has a market capitalization of $854.47 million, a PE ratio of 34.21 and a beta of 0.22. Hallador Energy Company has a one year low of $14.46 and a one year high of $24.70. The company’s 50 day moving average is $17.56 and its 200 day moving average is $18.28.

Hallador Energy (NASDAQ:HNRG) last announced 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 business had revenue of $101.81 million during the quarter, compared to the consensus estimate of $102.28 million. Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%. As a group, equities analysts forecast that Hallador Energy Company will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HNRG shares. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Northland Securities boosted their price objective on Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Jefferies Financial Group upgraded Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 26th. Weiss Ratings raised Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Finally, B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $27.00 in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hallador Energy has a consensus rating of “Moderate Buy” and an average target price of $26.62.

Institutional Investors Weigh In On Hallador Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Value Aligned Research Advisors LLC lifted its holdings in shares of Hallador Energy by 1,038.2% in the 3rd quarter. Value Aligned Research Advisors LLC now owns 320,759 shares of the energy company’s stock worth $6,277,000 after buying an additional 292,577 shares during the period. Lubar & Co. Inc purchased a new stake in Hallador Energy during the fourth quarter worth $103,806,000. American Century Companies Inc. boosted its position in Hallador Energy by 10.6% during the 3rd quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock valued at $23,188,000 after acquiring an additional 113,547 shares in the last quarter. Sierra Summit Advisors LLC purchased a new position in shares of Hallador Energy in the 3rd quarter valued at $1,064,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Hallador Energy in the 4th quarter valued at $2,660,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

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.