Insider Buying: Hallador Energy (NASDAQ:HNRG) Director Acquires 2,000 Shares of Stock

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson purchased 2,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were bought at an average cost of $17.70 per share, with a total value of $35,400.00. Following the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $88,500. This trade represents a 66.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Daniel Timothy Hudson also recently made the following trade(s):

• On Wednesday, June 24th, Daniel Timothy Hudson acquired 3,000 shares of Hallador Energy stock. The stock was bought at an average cost of $17.04 per share, for a total transaction of $51,120.00.

Hallador Energy Price Performance

Shares of HNRG stock traded up $0.43 during trading hours on Thursday, reaching $18.13. 275,986 shares of the company traded hands, compared to its average volume of 811,011. The firm has a 50-day moving average price of $17.56 and a 200 day moving average price of $18.28. The company has a market cap of $854.47 million, a P/E ratio of 34.21 and a beta of 0.22. Hallador Energy Company has a 12-month low of $14.46 and a 12-month high of $24.70.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%.The firm had revenue of $101.81 million during the quarter, compared to analysts’ expectations of $102.28 million. Sell-side analysts predict that Hallador Energy Company will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Jefferies Financial Group raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $23.00 to $27.00 in a report on Friday, March 13th. Weiss Ratings upgraded Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Northland Securities upped their price objective on Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.62.

Institutional Investors Weigh In On Hallador Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Hallador Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock worth $187,000 after acquiring an additional 624 shares during the last quarter. Royal Bank of Canada lifted its stake in Hallador Energy by 92.5% in the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after purchasing an additional 679 shares in the last quarter. Levin Capital Strategies L.P. boosted its holdings in shares of Hallador Energy by 2.1% during the 1st quarter. Levin Capital Strategies L.P. now owns 43,208 shares of the energy company’s stock valued at $703,000 after purchasing an additional 900 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Hallador Energy by 71.0% during the 1st quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company’s stock valued at $64,000 after purchasing an additional 1,631 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Hallador Energy during the second quarter valued at about $27,000. Institutional investors own 61.38% of the company’s stock.

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.