Hallador Energy Company (NASDAQ:HNRG) Given Average Rating of “Moderate Buy” by Brokerages

Hallador Energy Company (NASDAQ:HNRG) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $22.6667.

A number of research analysts recently weighed in on the stock. Alliance Global Partners reaffirmed a “buy” rating on shares of Hallador Energy in a research report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a research note on Wednesday, October 8th. Wall Street Zen upgraded Hallador Energy from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Zacks Research raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Finally, Industrial Alliance Securities set a $28.00 price target on shares of Hallador Energy in a research report on Tuesday, November 11th.

Insiders Place Their Bets

In related news, Director David C. Hardie sold 100,000 shares of Hallador Energy stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $19.53, for a total value of $1,953,000.00. Following the completion of the sale, the director owned 21,072 shares of the company’s stock, valued at approximately $411,536.16. This trade represents a 82.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles Ray Iv Wesley acquired 13,000 shares of the company’s stock in a transaction on Friday, November 21st. The shares were acquired at an average cost of $19.28 per share, for a total transaction of $250,640.00. Following the completion of the acquisition, the director owned 247,914 shares of the company’s stock, valued at approximately $4,779,781.92. The trade was a 5.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 372,062 shares of company stock worth $7,232,705 in the last ninety days. Insiders own 23.73% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Hallador Energy by 4.0% in the first quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company’s stock valued at $20,797,000 after acquiring an additional 65,652 shares during the period. Invesco Ltd. increased its holdings in Hallador Energy by 356.4% during the 1st quarter. Invesco Ltd. now owns 273,300 shares of the energy company’s stock worth $3,356,000 after acquiring an additional 213,421 shares during the period. Virtu Financial LLC purchased a new stake in Hallador Energy in the 1st quarter worth approximately $165,000. Nuveen LLC purchased a new stake in Hallador Energy in the 1st quarter worth approximately $1,090,000. Finally, Fox Run Management L.L.C. bought a new position in Hallador Energy in the 1st quarter valued at $193,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

Hallador Energy Trading Down 2.2%

HNRG opened at $22.30 on Monday. The company has a market cap of $977.41 million, a P/E ratio of -4.98 and a beta of 0.34. The company has a fifty day moving average price of $20.54 and a two-hundred day moving average price of $18.24. The company has a current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 0.02. Hallador Energy has a 1-year low of $8.37 and a 1-year high of $24.70.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Monday, November 10th. The energy company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.49. The firm had revenue of $146.85 million for the quarter, compared to analyst estimates of $110.92 million. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%. Analysts predict that Hallador Energy will post -0.31 EPS for the current fiscal year.

Hallador Energy Company Profile

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.