Hallador Energy Company (NASDAQ:HNRG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Hallador Energy Company (NASDAQ:HNRG) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat.com reports. Three research 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 12 month price objective among analysts that have issued a report on the stock in the last year is $26.6250.

Several brokerages have issued reports on HNRG. Weiss Ratings upgraded Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Wall Street Zen upgraded Hallador Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th.

Hallador Energy Trading Up 5.1%

HNRG opened at $14.94 on Tuesday. Hallador Energy has a 1-year low of $13.65 and a 1-year high of $24.70. The company has a market cap of $704.12 million, a P/E ratio of 28.19 and a beta of 0.26. The company has a fifty day moving average price of $16.91 and a two-hundred day moving average price of $17.54.

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 return on equity of 14.25% and a net margin of 4.98%. On average, research analysts forecast that Hallador Energy will post 0.16 EPS for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director Daniel Timothy Hudson purchased 5,000 shares of Hallador Energy stock in a transaction that occurred on Thursday, July 9th. The stock was acquired at an average price of $16.58 per share, with a total value of $82,900.00. Following the transaction, the director owned 20,000 shares in the company, valued at $331,600. This trade represents a 33.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Ray Iv Wesley acquired 15,000 shares of the stock in a transaction on Tuesday, June 16th. The shares were acquired at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the acquisition, the director owned 338,469 shares of the company’s stock, valued at approximately $5,649,047.61. The trade was a 4.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 35,000 shares of company stock valued at $589,170. 17.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors and hedge funds have recently made changes to their positions in HNRG. Lubar & Co. Inc bought a new stake in Hallador Energy during the 4th quarter worth approximately $103,806,000. Ameriprise Financial Inc. bought a new position in shares of Hallador Energy in the second quarter valued at approximately $18,735,000. Dimensional Fund Advisors LP lifted its holdings in shares of Hallador Energy by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company’s stock valued at $16,658,000 after purchasing an additional 109,781 shares in the last quarter. Apis Capital Advisors LLC boosted its position in shares of Hallador Energy by 7.0% during the fourth quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock valued at $17,403,000 after buying an additional 60,000 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Hallador Energy by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 825,105 shares of the energy company’s stock valued at $15,714,000 after buying an additional 40,980 shares during the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

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.