FY2024 EPS Estimates for Hallador Energy Lifted by Analyst

Hallador Energy (NASDAQ:HNRG) – Investment analysts at B. Riley increased their FY2024 earnings per share (EPS) estimates for Hallador Energy in a report released on Wednesday, November 13th. B. Riley analyst L. Pipes now anticipates that the energy company will earn ($0.31) per share for the year, up from their previous forecast of ($0.41). B. Riley currently has a “Buy” rating and a $13.00 target price on the stock. The consensus estimate for Hallador Energy’s current full-year earnings is ($0.31) per share. B. Riley also issued estimates for Hallador Energy’s Q4 2024 earnings at ($0.03) EPS, Q1 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.05 EPS, FY2025 earnings at $0.16 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.44 EPS and FY2026 earnings at $1.43 EPS.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.14. The firm had revenue of $105.04 million during the quarter, compared to analysts’ expectations of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same period in the prior year, the firm posted $0.47 earnings per share.

Separately, StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th.

Hallador Energy Price Performance

NASDAQ:HNRG opened at $12.89 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $9.45 and its two-hundred day moving average price is $7.92. The firm has a market capitalization of $549.37 million, a price-to-earnings ratio of -23.44 and a beta of 0.62. Hallador Energy has a 12-month low of $4.33 and a 12-month high of $13.57.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company bought a new position in shares of Hallador Energy in the 2nd quarter worth about $78,000. CWM LLC boosted its stake in Hallador Energy by 154.4% during the 3rd quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after purchasing an additional 4,993 shares during the last quarter. Quantinno Capital Management LP acquired a new position in Hallador Energy during the 3rd quarter valued at about $96,000. Exchange Traded Concepts LLC boosted its stake in shares of Hallador Energy by 66.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after buying an additional 4,132 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Hallador Energy in the 3rd quarter worth approximately $100,000. 61.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Hallador Energy

In related news, Director Charles Ray Iv Wesley bought 25,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $5.97 per share, with a total value of $149,250.00. Following the transaction, the director now directly owns 184,302 shares in the company, valued at approximately $1,100,282.94. This trade represents a 15.69 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Zarrell Thomas Gray bought 5,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were bought at an average cost of $5.75 per share, with a total value of $28,750.00. Following the completion of the transaction, the director now owns 33,000 shares in the company, valued at $189,750. The trade was a 17.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 46,000 shares of company stock valued at $280,040. 32.30% of the stock is currently owned by corporate insiders.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.