Hallador Energy Company (NASDAQ:HNRG – Get Free Report)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $13.65, but opened at $14.76. Hallador Energy shares last traded at $14.5840, with a volume of 319,279 shares trading hands.
More Hallador Energy News
Here are the key news stories impacting Hallador Energy this week:
- Positive Sentiment: Hallador Power Company signed six-year capacity and energy agreements with an investment-grade utility in MISO Zone 6 for electricity from the Merom Generating Station. Deliveries are scheduled from June 2029 through May 2035, and the agreements are effective immediately without regulatory approval. The transaction is valued at approximately $700 million and raises Hallador’s forward contracted sales to about $3 billion, improving long-term revenue visibility. Hallador Executes $700M Sale, Record Price Lifts Forward Sales to $3 Billion
- Positive Sentiment: The agreements appear to support the recent strength in HNRG shares by securing future capacity and energy revenue at a record price, reducing exposure to volatile power-market conditions and providing a clearer path for the Merom facility’s future operations. Hallador Energy Secures Major Long-Term Power Contracts
- Neutral Sentiment: Northland Securities maintained a cautious earnings outlook, projecting losses across most quarters through 2028, including fiscal 2026 EPS of $(0.79), fiscal 2027 EPS of $(1.05), and fiscal 2028 EPS of $(0.29). These estimates may not yet reflect the full benefit of the newly signed contracts.
- Negative Sentiment: Northland significantly cut its forecasts: fiscal 2026 EPS was reduced from $(0.44) to $(0.79), fiscal 2027 from positive $0.27 to $(1.05), and fourth-quarter 2026 EPS from positive $0.10 to $(0.20). Third-quarter 2026 EPS was also lowered from $(0.02) to $(0.07), signaling near-term profitability concerns. Hallador Energy earnings estimates
Analyst Upgrades and Downgrades
Several analysts have issued reports on HNRG shares. Alliance Global Partners upgraded Hallador Energy to a “strong-buy” rating in a report on Friday, August 14th. Northland Securities set a $27.00 target price on shares of Hallador Energy in a report on Tuesday. Weiss Ratings downgraded shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Zacks Research lowered shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen lowered shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.88.
Hallador Energy Trading Up 7.9%
The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. The firm has a market cap of $694.28 million, a price-to-earnings ratio of 732.55 and a beta of 0.45. The company has a 50-day moving average price of $15.31 and a 200 day moving average price of $16.37.
Hallador Energy (NASDAQ:HNRG – Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. As a group, research analysts anticipate that Hallador Energy Company will post -0.29 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Hallador Energy
Large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Hallador Energy in the 2nd quarter valued at about $49,594,000. Dimensional Fund Advisors LP boosted its holdings in shares of Hallador Energy by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company’s stock worth $16,658,000 after purchasing an additional 109,781 shares during the period. Apis Capital Advisors LLC grew its position in Hallador Energy by 7.0% during the fourth quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock valued at $17,403,000 after purchasing an additional 60,000 shares in the last quarter. Deutsche Bank AG purchased a new position in Hallador Energy during the second quarter valued at approximately $13,534,000. Finally, Empyrean Capital Partners LP acquired a new position in Hallador Energy in the 1st quarter valued at approximately $8,140,000. Institutional investors and hedge funds own 61.38% of the company’s stock.
About Hallador Energy
Hallador Energy, Inc is an energy company focused primarily on the production and marketing of thermal coal. Through its subsidiary Sunrise Coal, the company operates mining properties in the Illinois Basin, with activities concentrated in southwestern Indiana. Its coal is sold mainly to electric utilities and other industrial customers for use in power generation.
Hallador’s operations include the Oaktown and Carlisle mining complexes in Indiana, which produce coal for domestic energy markets.
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