Insider Buying: Hallador Energy (NASDAQ:HNRG) Director Acquires 3,000 Shares of Stock

Hallador Energy Company (NASDAQ:HNRGGet Free Report) Director Daniel Timothy Hudson bought 3,000 shares of Hallador Energy stock in a transaction that occurred on Wednesday, June 24th. The stock was purchased at an average cost of $17.04 per share, for a total transaction of $51,120.00. Following the purchase, the director owned 3,000 shares of the company’s stock, valued at $51,120. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, June 25th, Daniel Timothy Hudson purchased 2,000 shares of Hallador Energy stock. The shares were purchased at an average cost of $17.70 per share, with a total value of $35,400.00.

Hallador Energy Stock Up 2.4%

Shares of Hallador Energy stock traded up $0.43 during trading on Thursday, hitting $18.13. 275,986 shares of the stock traded hands, compared to its average volume of 811,011. The stock has a market cap of $854.47 million, a price-to-earnings ratio of 34.26 and a beta of 0.22. The firm’s fifty day moving average is $17.56 and its 200-day moving average is $18.28. Hallador Energy Company has a 52 week low of $14.46 and a 52 week high of $24.70.

Hallador Energy (NASDAQ:HNRGGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The business had revenue of $101.81 million for the quarter, compared to analysts’ expectations of $102.28 million. Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%. On average, analysts forecast that Hallador Energy Company will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on Hallador Energy

Hedge Funds Weigh In On Hallador Energy

A number of hedge funds have recently modified their holdings of HNRG. Royal Bank of Canada lifted its stake in Hallador Energy by 92.5% in the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after acquiring an additional 679 shares during the period. Raymond James Financial Inc. bought a new position in Hallador Energy in the second quarter worth about $27,000. Summit Securities Group LLC bought a new position in Hallador Energy in the first quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its holdings in Hallador Energy by 11,110.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after buying an additional 2,111 shares during the period. Finally, USA Financial Formulas purchased a new stake in Hallador Energy in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Hallador Energy (NASDAQ:HNRG)

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