Insider Buying: Hallador Energy (NASDAQ:HNRG) Director Acquires $82,900.00 in Stock

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were purchased at an average cost of $16.58 per share, with a total value of $82,900.00. Following the completion of the acquisition, the director directly owned 20,000 shares of the company’s stock, valued at $331,600. This represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, June 29th, Daniel Timothy Hudson acquired 10,000 shares of Hallador Energy stock. The stock was purchased at an average price of $16.94 per share, with a total value of $169,400.00.
• On Thursday, June 25th, Daniel Timothy Hudson acquired 2,000 shares of Hallador Energy stock. The stock was acquired at an average cost of $17.70 per share, for a total transaction of $35,400.00.
• On Wednesday, June 24th, Daniel Timothy Hudson bought 3,000 shares of Hallador Energy stock. The shares were acquired at an average price of $17.04 per share, for a total transaction of $51,120.00.

Hallador Energy Stock Performance

Shares of HNRG stock opened at $16.33 on Monday. The company has a market cap of $769.63 million, a price-to-earnings ratio of 30.81 and a beta of 0.24. The stock has a 50 day simple moving average of $17.78 and a 200-day simple moving average of $17.95. Hallador Energy Company has a 12-month low of $14.68 and a 12-month high of $24.70.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported ($0.20) EPS 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 business had revenue of $101.81 million during the quarter, compared to analyst estimates of $102.28 million. On average, equities analysts forecast that Hallador Energy Company will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hallador Energy

Several hedge funds have recently bought and sold shares of the company. Lubar & Co. Inc purchased a new stake in Hallador Energy during the fourth quarter worth $103,806,000. Ameriprise Financial Inc. purchased a new position in shares of Hallador Energy in the second quarter valued at $18,735,000. Empyrean Capital Partners LP purchased a new position in shares of Hallador Energy in the first quarter valued at $8,140,000. Millennium Management LLC raised its stake in shares of Hallador Energy by 1,745.5% during the 3rd quarter. Millennium Management LLC now owns 525,080 shares of the energy company’s stock worth $10,276,000 after buying an additional 496,628 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Hallador Energy by 1,720.9% in the 4th quarter. Deutsche Bank AG now owns 405,277 shares of the energy company’s stock worth $7,716,000 after buying an additional 383,020 shares in the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on HNRG. Northland Securities boosted their target price on shares of Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research 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. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, June 28th. Finally, Jefferies Financial Group raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.62.

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.