Hallador Energy (NASDAQ:HNRG) Director Daniel Timothy Hudson Buys 3,000 Shares

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was bought at an average price of $17.04 per share, with a total value of $51,120.00. Following the completion of the acquisition, the director directly owned 3,000 shares of the company’s stock, valued at $51,120. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, June 25th, Daniel Timothy Hudson purchased 2,000 shares of Hallador Energy stock. The shares were acquired at an average price of $17.70 per share, with a total value of $35,400.00.

Hallador Energy Stock Performance

Shares of HNRG stock opened at $18.15 on Friday. The company has a market cap of $855.41 million, a P/E ratio of 34.25 and a beta of 0.22. The stock has a 50 day simple moving average of $17.62 and a two-hundred day simple moving average of $18.27. Hallador Energy Company has a fifty-two week low of $14.46 and a fifty-two week high of $24.70.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. The company had revenue of $101.81 million for the quarter, compared to analyst estimates of $102.28 million. On average, research analysts predict that Hallador Energy Company will post 0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Hallador Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of HNRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Hallador Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock valued at $187,000 after purchasing an additional 624 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Hallador Energy by 92.5% in the fourth 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 during the last quarter. Levin Capital Strategies L.P. grew its holdings in shares of Hallador Energy by 2.1% in the first quarter. Levin Capital Strategies L.P. now owns 43,208 shares of the energy company’s stock worth $703,000 after purchasing an additional 900 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in 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 buying an additional 1,631 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Hallador Energy during the 2nd quarter valued at $27,000. Hedge funds and other 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.