Analysts Set Hallador Energy Company (NASDAQ:HNRG) PT at $22.67

Shares of Hallador Energy Company (NASDAQ:HNRG) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $22.6667.

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

Hallador Energy Price Performance

Shares of NASDAQ HNRG opened at $19.57 on Friday. Hallador Energy has a twelve month low of $8.37 and a twelve month high of $24.70. The firm has a market cap of $857.75 million, a P/E ratio of -4.37 and a beta of 0.26. The company has a 50 day moving average of $20.07 and a 200 day moving average of $18.65. The company has a quick ratio of 0.31, a current ratio of 0.66 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 EPS for the quarter, beating the consensus estimate of $0.06 by $0.49. The business had revenue of $146.85 million for the quarter, compared to the consensus estimate of $110.92 million. Hallador Energy had a positive return on equity of 33.97% and a negative net margin of 37.57%. As a group, research analysts expect that Hallador Energy will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Charles Ray Iv Wesley bought 20,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was acquired at an average cost of $17.83 per share, for a total transaction of $356,600.00. Following the purchase, the director owned 267,914 shares in the company, valued at approximately $4,776,906.62. This represents a 8.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.73% of the company’s stock.

Institutional Trading of Hallador Energy

Several large investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in Hallador Energy during the third quarter valued at $32,000. Raymond James Financial Inc. bought a new stake in shares of Hallador Energy during the 2nd quarter valued at about $27,000. EverSource Wealth Advisors LLC grew its stake in shares of Hallador Energy by 11,110.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after purchasing an additional 2,111 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Hallador Energy by 68.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock valued at $50,000 after purchasing an additional 1,283 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Hallador Energy by 294.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock valued at $50,000 after purchasing an additional 2,374 shares during the last quarter. Institutional investors 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.