Shares of Hallador Energy Company (NASDAQ:HNRG – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.1250.
HNRG has been the topic of a number of recent analyst reports. Northland Securities set a $28.00 target price on shares of Hallador Energy in a research report on Tuesday, August 11th. Weiss Ratings downgraded shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th. Alliance Global Partners raised Hallador Energy to a “strong-buy” rating in a report on Friday, August 14th. Zacks Research lowered Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen downgraded Hallador Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th.
Read Our Latest Analysis on HNRG
Hallador Energy Stock Performance
Hallador Energy (NASDAQ:HNRG – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). The company had revenue of $101.51 million for 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%. Research analysts predict that Hallador Energy will post -0.09 EPS for the current fiscal year.
Insider Activity at Hallador Energy
In other Hallador Energy news, Director Daniel Timothy Hudson bought 10,000 shares of the stock in a transaction dated Monday, June 29th. The shares were acquired at an average cost of $16.94 per share, for a total transaction of $169,400.00. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at approximately $254,100. The trade was a 200.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles Ray Iv Wesley bought 15,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average cost of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the acquisition, the director directly owned 338,469 shares in the company, valued at approximately $5,649,047.61. This trade represents a 4.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 35,000 shares of company stock worth $589,170. 17.43% of the stock is currently owned by corporate insiders.
Institutional Trading of Hallador Energy
A number of large investors have recently bought and sold shares of HNRG. AQR Capital Management LLC increased its stake in Hallador Energy by 1.9% in the first quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock valued at $1,271,000 after purchasing an additional 1,950 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hallador Energy by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock valued at $187,000 after buying an additional 624 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Hallador Energy by 1,233.6% during the first quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock worth $5,975,000 after buying an additional 450,049 shares during the period. Empowered Funds LLC boosted its stake in shares of Hallador Energy by 5.5% during the first quarter. Empowered Funds LLC now owns 246,106 shares of the energy company’s stock worth $3,022,000 after buying an additional 12,921 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Hallador Energy during the first quarter worth about $807,000. 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.
Featured Stories
- Five stocks we like better than Hallador Energy
- MarketBeat Week in Review – 08/24 – 08/28
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
Receive News & Ratings for Hallador Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hallador Energy and related companies with MarketBeat.com's FREE daily email newsletter.
