Charles Ray Iv Wesley Buys 20,000 Shares of Hallador Energy (NASDAQ:HNRG) Stock

Hallador Energy Company (NASDAQ:HNRG) Director Charles Ray Iv Wesley acquired 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of $17.83 per share, with a total value of $356,600.00. Following the acquisition, the director directly owned 267,914 shares in the company, valued at $4,776,906.62. This represents a 8.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Charles Ray Iv Wesley also recently made the following trade(s):

• On Friday, November 21st, Charles Ray Iv Wesley acquired 13,000 shares of Hallador Energy stock. The shares were bought at an average price of $19.28 per share, for a total transaction of $250,640.00.

Hallador Energy Price Performance

Shares of HNRG opened at $19.30 on Friday. The company has a market cap of $846.09 million, a price-to-earnings ratio of -4.31 and a beta of 0.34. The company’s fifty day simple moving average is $20.49 and its 200 day simple moving average is $18.30. Hallador Energy Company has a 1-year low of $8.37 and a 1-year high of $24.70. 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 (NASDAQ:HNRG) last issued its earnings results on Monday, November 10th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.49. The business had revenue of $146.85 million during the quarter, compared to the consensus estimate of $110.92 million. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%. On average, research analysts forecast that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on HNRG. Zacks Research raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a report on Wednesday, October 8th. Industrial Alliance Securities set a $28.00 target price on Hallador Energy in a research note on Tuesday, November 11th. Alliance Global Partners reissued a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th. Finally, Wall Street Zen raised Hallador Energy from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hallador Energy has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

Institutional Investors Weigh In On Hallador Energy

Large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. acquired a new position in Hallador Energy in the 2nd quarter valued at $18,735,000. CenterBook Partners LP grew its stake in Hallador Energy by 2,371.9% during the second quarter. CenterBook Partners LP now owns 786,671 shares of the energy company’s stock worth $12,453,000 after buying an additional 754,846 shares in the last quarter. Millennium Management LLC increased its holdings in Hallador Energy by 1,745.5% in the 3rd quarter. Millennium Management LLC now owns 525,080 shares of the energy company’s stock valued at $10,276,000 after buying an additional 496,628 shares during the period. Prudential Financial Inc. acquired a new position in shares of Hallador Energy in the 2nd quarter valued at approximately $6,910,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Hallador Energy by 546.8% during the 2nd quarter. Acadian Asset Management LLC now owns 425,584 shares of the energy company’s stock worth $6,735,000 after acquiring an additional 359,789 shares during the period. Institutional investors and hedge funds 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.