Hallador Energy (NASDAQ:HNRG) Trading Up 11.4% Following Insider Buying Activity

Hallador Energy Company (NASDAQ:HNRG)’s share price shot up 11.4% during trading on Thursday after an insider bought additional shares in the company. The stock traded as high as $19.72 and last traded at $19.6760. Approximately 713,196 shares were traded during trading, a decline of 11% from the average session volume of 805,150 shares. The stock had previously closed at $17.67.

Specifically, Director Charles Ray Iv Wesley purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the acquisition, the director directly owned 338,469 shares of the company’s stock, valued at approximately $5,649,047.61. This represents a 4.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HNRG. Northland Securities lifted their target price on Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Weiss Ratings raised Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $27.00 in a research report on Friday, March 13th. Jefferies Financial Group upgraded Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. Finally, Wall Street Zen raised Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. One 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 a consensus rating of “Moderate Buy” and an average price target of $26.62.

Hallador Energy Stock Performance

The company has a market cap of $915.64 million, a P/E ratio of 36.99 and a beta of 0.22. The business has a 50 day moving average price of $17.23 and a two-hundred day moving average price of $18.32.

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

Institutional Trading of Hallador Energy

A number of hedge funds have recently bought and sold shares of the business. Lubar & Co. Inc purchased a new position in Hallador Energy during the 4th quarter worth $103,806,000. American Century Companies Inc. grew its holdings in Hallador Energy by 10.6% during the 3rd quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock valued at $23,188,000 after buying an additional 113,547 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Hallador Energy in the 2nd quarter valued at $18,735,000. Dimensional Fund Advisors LP increased its stake in Hallador Energy by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company’s stock valued at $16,658,000 after purchasing an additional 109,781 shares during the last quarter. Finally, Apis Capital Advisors LLC lifted 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 worth $17,403,000 after buying an additional 60,000 shares during the period. Institutional investors and hedge funds own 61.38% of the company’s stock.

About Hallador Energy

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.