Hallador Energy (NASDAQ:HNRG – Get Free Report) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.
A number of other research firms have also commented on HNRG. Zacks Research lowered Hallador Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hallador Energy in a research report on Tuesday, August 4th. Finally, Northland Securities set a $28.00 price objective on Hallador Energy in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.12.
View Our Latest Stock Analysis on Hallador Energy
Hallador Energy Price Performance
Hallador Energy (NASDAQ:HNRG – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%.The firm had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.33 million. On average, equities analysts anticipate that Hallador Energy will post -0.09 EPS for the current fiscal year.
Insider Activity
In related news, Director Daniel Timothy Hudson bought 5,000 shares of Hallador Energy stock in a transaction dated Thursday, July 9th. The shares were bought at an average cost of $16.58 per share, for a total transaction of $82,900.00. Following the completion of the transaction, the director owned 20,000 shares of the company’s stock, valued at approximately $331,600. This trade represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Charles Ray Iv Wesley purchased 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were bought at an average cost of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the purchase, the director directly owned 338,469 shares of the company’s stock, valued at $5,649,047.61. The trade was a 4.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 35,000 shares of company stock valued at $589,170 in the last 90 days. Corporate insiders own 17.43% of the company’s stock.
Institutional Trading of Hallador Energy
A number of hedge funds and other institutional investors have recently modified their holdings of HNRG. Royal Bank of Canada lifted its holdings in Hallador Energy by 92.5% during the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after buying an additional 679 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Hallador Energy in the 2nd quarter valued at $27,000. Summit Securities Group LLC acquired a new stake in shares of Hallador Energy in the 1st quarter valued at $31,000. State of Wyoming acquired a new stake in shares of Hallador Energy in the 2nd quarter valued at $32,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after acquiring an additional 2,111 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.
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