Shares of Hallador Energy Company (NASDAQ:HNRG – Get Free Report) have been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $25.1250.
A number of research firms have commented on HNRG. Weiss Ratings downgraded Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, August 18th. Wall Street Zen downgraded Hallador Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Alliance Global Partners raised Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Zacks Research cut Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Finally, Northland Securities set a $28.00 price objective on Hallador Energy in a research note on Tuesday, August 11th.
Read Our Latest Stock Report on Hallador Energy
Key Hallador Energy News
- Positive Sentiment: Hallador closed a $600 million senior secured term loan, with total debt financing potentially reaching $675 million subject to lender approval. The three-year facility, which may be extended by two years, is expected to fund most of Turtle Creek’s estimated project cost of less than $800 million. Hallador Secures Up to $675 Million Debt Financing for Turtle Creek Gas
- Positive Sentiment: The financing announcement supports Hallador’s plan to develop Turtle Creek while reducing immediate funding uncertainty. Management cited a $2.4 billion contracted forward sales position and expected operating cash flow as a pathway to fully fund the project. Hallador Energy Secures Loan Commitment for Turtle Creek Natural Gas Project
- Positive Sentiment: Unusual options activity may be adding to the bullish tone: traders bought 3,003 HNRG call options, more than double the average volume of approximately 1,300 contracts. This indicates increased speculative interest, although it does not guarantee further gains.
- Negative Sentiment: The project will substantially increase Hallador’s debt burden and expose the company to execution, financing-cost and natural-gas-market risks. Investors will also monitor whether future operating cash flow is sufficient to service the loan and complete construction.
Hallador Energy Stock Performance
Shares of Hallador Energy stock opened at $15.12 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.24 and a current ratio of 0.72. Hallador Energy has a 1 year low of $13.65 and a 1 year high of $24.70. The firm’s 50-day simple moving average is $15.71 and its 200-day simple moving average is $16.74. The firm has a market cap of $712.76 million, a PE ratio of 756.00 and a beta of 0.31.
Hallador Energy (NASDAQ:HNRG – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). The firm had revenue of $101.51 million during the quarter, compared to analyst estimates of $90.33 million. Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. Equities analysts forecast that Hallador Energy will post -0.29 earnings per share for the current fiscal year.
Insider Buying and Selling at Hallador Energy
In other Hallador Energy news, Director Daniel Hudson bought 5,000 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were bought at an average cost of $16.58 per share, with a total value of $82,900.00. Following the completion of the acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 20,000 shares of company stock worth $338,820 over the last 90 days. 17.43% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Hallador Energy
A number of institutional investors have recently modified their holdings of the business. Levin Capital Strategies L.P. raised its stake in Hallador Energy by 2.1% during the first quarter. Levin Capital Strategies L.P. now owns 43,208 shares of the energy company’s stock worth $703,000 after acquiring an additional 900 shares during the period. Meeder Asset Management Inc. boosted its stake in Hallador Energy by 71.0% in the first quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company’s stock valued at $64,000 after acquiring an additional 1,631 shares during the period. State of Wyoming acquired a new position in Hallador Energy in the second quarter valued at approximately $32,000. Summit Securities Group LLC acquired a new position in Hallador Energy in the first quarter valued at approximately $31,000. Finally, Persistent Asset Partners Ltd bought a new position in shares of Hallador Energy during the second quarter valued at approximately $42,000. Institutional investors own 61.38% of the company’s stock.
Hallador Energy Company Profile
Hallador Energy Company (NASDAQ:HNRG) is an energy company focused primarily on coal production and electricity generation. Through its Sunrise Coal subsidiary, the company operates mining properties in Indiana’s portion of the Illinois Basin and supplies thermal coal to electric power producers.
Hallador’s principal mining operations include the Oaktown Mining Complex and related properties in southwestern Indiana. Its coal is used as fuel for utility-scale power generation, with sales primarily serving customers in the regional Midwest power market.
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