Hallador Energy (NASDAQ:HNRG) Director Charles Ray Iv Wesley Buys 15,000 Shares

Hallador Energy Company (NASDAQ:HNRG) Director Charles Ray Iv Wesley acquired 15,000 shares of Hallador Energy stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of $16.69 per share, with a total value of $250,350.00. Following the completion of the transaction, the director owned 338,469 shares of the company’s stock, valued at approximately $5,649,047.61. This trade represents a 4.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hallador Energy Stock Performance

Shares of HNRG stock opened at $17.67 on Thursday. Hallador Energy Company has a 1 year low of $14.42 and a 1 year high of $24.70. The stock has a fifty day moving average of $17.23 and a two-hundred day moving average of $18.32. The firm has a market capitalization of $832.79 million, a PE ratio of 33.34 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. The business had revenue of $101.81 million for the quarter, compared to analyst estimates of $102.28 million. Equities research analysts predict that Hallador Energy Company will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $27.00 in a research note on Friday, March 13th. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. Weiss Ratings upgraded Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Northland Securities lifted their price target on Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.63.

Institutional Investors Weigh In On Hallador Energy

Several hedge funds have recently bought and sold shares of HNRG. Empyrean Capital Partners LP purchased a new stake in shares of Hallador Energy in the first quarter worth approximately $8,140,000. Quantinno Capital Management LP lifted its stake in shares of Hallador Energy by 28.0% in the 1st quarter. Quantinno Capital Management LP now owns 29,325 shares of the energy company’s stock valued at $477,000 after purchasing an additional 6,417 shares during the last quarter. Corsair Capital Management L.P. boosted its stake in shares of Hallador Energy by 26.1% during the 1st quarter. Corsair Capital Management L.P. now owns 41,009 shares of the energy company’s stock worth $668,000 after acquiring an additional 8,500 shares in the last quarter. Galaxy Digital Inc. bought a new stake in Hallador Energy during the first quarter worth approximately $1,628,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Hallador Energy by 2.9% during the 1st quarter. Renaissance Technologies LLC now owns 308,255 shares of the energy company’s stock worth $5,018,000 after buying an additional 8,800 shares during the period. 61.38% of the stock is owned by hedge funds and other institutional investors.

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.