Hallador Energy (NASDAQ:HNRG) Director Buys $250,350.00 in Stock

Hallador Energy Company (NASDAQ:HNRG) Director Charles Ray Iv Wesley acquired 15,000 shares of the firm’s stock in a transaction on 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 acquisition, the director owned 338,469 shares in the company, valued at approximately $5,649,047.61. The trade was a 4.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hallador Energy Stock Up 2.1%

NASDAQ:HNRG traded up $0.37 during mid-day trading on Wednesday, reaching $17.67. 811,236 shares of the company were exchanged, compared to its average volume of 806,238. Hallador Energy Company has a 12 month low of $14.42 and a 12 month high of $24.70. The stock has a market cap of $832.79 million, a PE ratio of 33.34 and a beta of 0.22. The company has a fifty day moving average of $17.20 and a 200 day moving average of $18.33.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The firm had revenue of $101.81 million during the quarter, compared to analyst estimates of $102.28 million. Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%. On average, equities research analysts anticipate that Hallador Energy Company will post 0.16 EPS for the current fiscal year.

Analyst Ratings Changes

HNRG has been the topic of several recent research reports. Jefferies Financial Group raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Weiss Ratings raised shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. B. Riley Financial raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $27.00 in a research note on Friday, March 13th. Finally, Northland Securities raised their target price on shares of Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.63.

Institutional Trading of Hallador Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in HNRG. Royal Bank of Canada raised its holdings in shares of Hallador Energy by 92.5% in the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 679 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Hallador Energy in the second quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new stake in shares of Hallador Energy in the first quarter valued at approximately $31,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 valued at $34,000 after purchasing an additional 2,111 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in Hallador Energy during the fourth quarter worth $42,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

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.