Hallador Energy Company (NASDAQ:HNRG) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hallador Energy Company (NASDAQ:HNRG) have been given an average recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $22.6667.

A number of equities analysts have recently weighed in on HNRG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. iA Financial set a $28.00 price objective on shares of Hallador Energy in a report on Tuesday, November 11th. Zacks Research lowered shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th.

Insider Transactions at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was acquired at an average cost of $17.83 per share, with a total value of $356,600.00. Following the purchase, the director directly owned 267,914 shares in the company, valued at approximately $4,776,906.62. This trade represents a 8.07% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 23.73% of the company’s stock.

Institutional Trading of Hallador Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lubar & Co. Inc purchased a new position in shares of Hallador Energy during the fourth quarter valued at approximately $103,806,000. Ameriprise Financial Inc. acquired a new position in Hallador Energy in the 2nd quarter valued at $18,735,000. CenterBook Partners LP lifted its stake in shares of Hallador Energy by 2,371.9% during the 2nd quarter. CenterBook Partners LP now owns 786,671 shares of the energy company’s stock worth $12,453,000 after purchasing an additional 754,846 shares during the period. Millennium Management LLC boosted its holdings in shares of Hallador Energy by 1,745.5% during the third quarter. Millennium Management LLC now owns 525,080 shares of the energy company’s stock worth $10,276,000 after purchasing an additional 496,628 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of Hallador Energy in the second quarter valued at $6,910,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Stock Down 1.8%

HNRG opened at $18.18 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.31. Hallador Energy has a 12 month low of $8.37 and a 12 month high of $24.70. The stock has a market capitalization of $796.83 million, a P/E ratio of -4.06 and a beta of 0.23. The business has a 50 day simple moving average of $19.20 and a 200-day simple moving average of $19.24.

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.