Brokers Issue Forecasts for Hallador Energy’s Q2 2024 Earnings (NASDAQ:HNRG)

Hallador Energy (NASDAQ:HNRGFree Report) – Stock analysts at B. Riley boosted their Q2 2024 earnings estimates for shares of Hallador Energy in a report released on Thursday, May 30th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings of ($0.08) per share for the quarter, up from their previous forecast of ($0.11). B. Riley currently has a “Buy” rating and a $9.00 target price on the stock. The consensus estimate for Hallador Energy’s current full-year earnings is $0.36 per share. B. Riley also issued estimates for Hallador Energy’s Q3 2024 earnings at $0.30 EPS, Q4 2024 earnings at $0.19 EPS, FY2024 earnings at $0.36 EPS, Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.80 EPS and FY2026 earnings at $1.29 EPS.

Hallador Energy (NASDAQ:HNRGGet Free Report) last released its quarterly earnings data on Monday, May 6th. The energy company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.15. The company had revenue of $109.67 million for the quarter, compared to analyst estimates of $122.40 million. Hallador Energy had a net margin of 3.79% and a return on equity of 8.49%.

HNRG has been the topic of a number of other research reports. TheStreet lowered shares of Hallador Energy from a “b-” rating to a “c” rating in a research note on Wednesday, March 20th. StockNews.com upgraded shares of Hallador Energy from a “sell” rating to a “hold” rating in a research note on Friday, April 5th.

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Hallador Energy Stock Up 11.3 %

Shares of HNRG opened at $8.97 on Monday. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $15.79. The firm has a market cap of $332.16 million, a P/E ratio of 15.20 and a beta of 0.45. The firm’s 50-day simple moving average is $5.56 and its 200 day simple moving average is $7.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.14 and a current ratio of 0.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Hallador Energy during the 3rd quarter worth approximately $34,000. Norden Group LLC bought a new stake in shares of Hallador Energy during the 1st quarter worth approximately $55,000. Privium Fund Management UK Ltd bought a new stake in shares of Hallador Energy during the 1st quarter worth approximately $64,000. Principal Financial Group Inc. bought a new stake in shares of Hallador Energy during the 1st quarter worth approximately $71,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Hallador Energy by 1,457.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,473 shares of the energy company’s stock worth $75,000 after acquiring an additional 7,929 shares during the period. Institutional investors and hedge funds own 61.38% of the company’s stock.

About Hallador Energy

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Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.

Further Reading

Earnings History and Estimates for Hallador Energy (NASDAQ:HNRG)

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