Hallador Energy Company (NASDAQ:HNRG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Hallador Energy Company (NASDAQ:HNRG) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $25.1250.

Several research firms recently commented on HNRG. Alliance Global Partners upgraded Hallador Energy to a “strong-buy” rating in a research note on Friday, August 14th. Zacks Research lowered Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Wall Street Zen downgraded Hallador Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Northland Securities set a $28.00 target price on Hallador Energy in a research report on Tuesday, August 11th. Finally, Weiss Ratings lowered Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th.

Hallador Energy Stock Performance

Hallador Energy stock opened at $16.24 on Friday. Hallador Energy has a 12-month low of $13.65 and a 12-month high of $24.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.72 and a quick ratio of 0.24. The company has a market capitalization of $765.55 million, a price-to-earnings ratio of 812.00 and a beta of 0.25. The firm’s fifty day moving average price is $16.19 and its 200 day moving average price is $17.13.

Hallador Energy (NASDAQ:HNRG) last posted 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 firm had revenue of $101.51 million during the quarter, compared to analysts’ expectations of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. On average, research analysts forecast that Hallador Energy will post -0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Daniel Timothy Hudson acquired 5,000 shares of Hallador Energy stock in a transaction on Thursday, July 9th. The shares were purchased at an average cost of $16.58 per share, for a total transaction of $82,900.00. Following the purchase, the director directly owned 20,000 shares of the company’s stock, valued at $331,600. The trade was a 33.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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, with a total value of $250,350.00. Following the completion of the acquisition, the director owned 338,469 shares in the company, valued at $5,649,047.61. This 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 90 days, insiders purchased 35,000 shares of company stock valued at $589,170. Insiders own 17.43% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

Large investors have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in 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 buying an additional 679 shares during the last quarter. Raymond James Financial Inc. bought a new position in Hallador Energy during the 2nd quarter worth approximately $27,000. State of Wyoming acquired a new position in shares of Hallador Energy in the 2nd quarter worth approximately $32,000. Summit Securities Group LLC acquired a new position in shares of Hallador Energy in the 1st quarter worth approximately $31,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Hallador Energy by 11,110.5% in the 2nd 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 during the last quarter. Institutional investors 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.