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

Hallador Energy Company (NASDAQ:HNRG) Director Charles Ray Iv Wesley acquired 20,000 shares of Hallador Energy stock in a transaction that occurred on Wednesday, December 17th. The shares were purchased at an average cost of $17.83 per share, with a total value of $356,600.00. Following the purchase, the director owned 267,914 shares of the company’s stock, valued at $4,776,906.62. This represents a 8.07% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

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

Hallador Energy Stock Up 5.0%

HNRG opened at $19.30 on Friday. The firm has a market capitalization of $846.09 million, a P/E ratio of -4.31 and a beta of 0.34. Hallador Energy Company has a one year low of $8.37 and a one year high of $24.70. The company has a fifty day moving average price of $20.49 and a 200-day moving average price of $18.30. 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 (NASDAQ:HNRG) last posted its quarterly earnings data 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 company had revenue of $146.85 million during the quarter, compared to analyst estimates of $110.92 million. Hallador Energy had a positive return on equity of 33.97% and a negative net margin of 37.57%. Equities research analysts expect that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Hallador Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in 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 purchasing an additional 65,652 shares during the last quarter. Invesco Ltd. raised 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 valued at $3,356,000 after buying an additional 213,421 shares during the last quarter. Nuveen LLC purchased a new stake in Hallador Energy during the 1st quarter valued at $1,090,000. Fox Run Management L.L.C. bought a new stake in Hallador Energy in the 1st quarter worth $193,000. Finally, American Century Companies Inc. grew its holdings in Hallador Energy by 16.4% in the 1st quarter. American Century Companies Inc. now owns 924,812 shares of the energy company’s stock worth $11,357,000 after acquiring an additional 130,509 shares during the last quarter. 61.38% of the stock is currently owned by institutional investors.

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.