Hallador Energy (NASDAQ:HNRG) Director Buys $35,400.00 in Stock

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson purchased 2,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was bought at an average cost of $17.70 per share, with a total value of $35,400.00. Following the completion of the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $88,500. This trade represents a 66.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Daniel Timothy Hudson also recently made the following trade(s):

• On Wednesday, June 24th, Daniel Timothy Hudson acquired 3,000 shares of Hallador Energy stock. The shares were purchased at an average cost of $17.04 per share, for a total transaction of $51,120.00.

Hallador Energy Price Performance

NASDAQ:HNRG opened at $17.53 on Friday. The company has a 50 day moving average price of $17.65 and a 200-day moving average price of $18.26. Hallador Energy Company has a 1-year low of $14.68 and a 1-year high of $24.70. The firm has a market cap of $826.19 million, a price-to-earnings ratio of 33.08 and a beta of 0.22.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HNRG. Weiss Ratings upgraded Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. Northland Securities upped their target price on Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Finally, B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $23.00 to $27.00 in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.62.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HNRG. Royal Bank of Canada lifted its stake in Hallador Energy by 92.5% in the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after buying an additional 679 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Hallador Energy during the second quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new position in shares of Hallador Energy during the first quarter valued at approximately $31,000. EverSource Wealth Advisors LLC lifted its position 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 acquiring an additional 2,111 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Hallador Energy in the fourth quarter worth approximately $42,000. 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.