Stock Traders Buy Large Volume of Call Options on Hallador Energy (NASDAQ:HNRG)

Hallador Energy Company (NASDAQ:HNRG) was the recipient of some unusual options trading activity on Tuesday. Investors bought 3,037 call options on the company. This is an increase of approximately 50% compared to the average daily volume of 2,025 call options.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. Weiss Ratings upgraded Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Finally, Northland Securities increased their price target on Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. One 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 company. According to data from MarketBeat, Hallador Energy presently has an average rating of “Moderate Buy” and a consensus price target of $26.62.

Insider Transactions at Hallador Energy

In related news, Director Daniel Timothy Hudson purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was bought at an average price 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles Ray Iv Wesley bought 15,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of $16.69 per share, with a total value of $250,350.00. Following the acquisition, the director owned 338,469 shares in the company, valued at approximately $5,649,047.61. This trade represents a 4.64% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 35,000 shares of company stock valued at $589,170. 17.43% of the stock is owned by insiders.

Hedge Funds Weigh In On Hallador Energy

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted 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 period. Raymond James Financial Inc. purchased a new position in Hallador Energy during the 2nd quarter worth $27,000. Summit Securities Group LLC purchased a new position in Hallador Energy during the 1st quarter worth $31,000. EverSource Wealth Advisors LLC raised its position in Hallador Energy by 11,110.5% during the 2nd 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 in the last quarter. Finally, USA Financial Formulas bought a new stake in Hallador Energy during the 4th quarter valued at $42,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

Hallador Energy Trading Up 3.4%

Shares of HNRG opened at $17.24 on Wednesday. The firm has a market capitalization of $812.52 million, a P/E ratio of 32.53 and a beta of 0.24. Hallador Energy has a 12-month low of $14.68 and a 12-month high of $24.70. The firm has a fifty day moving average price of $17.79 and a 200-day moving average price of $17.92.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results 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 company had revenue of $101.81 million during the quarter, compared to the consensus estimate of $102.28 million. Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%. Analysts predict that Hallador Energy will post 0.16 earnings per share for the current year.

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.