Empyrean Capital Partners LP Purchases Shares of 500,000 Hallador Energy Company $HNRG

Empyrean Capital Partners LP purchased a new stake in Hallador Energy Company (NASDAQ:HNRG) during the 1st quarter, Holdings Channel reports. The firm purchased 500,000 shares of the energy company’s stock, valued at approximately $8,140,000.

A number of other hedge funds have also modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in Hallador Energy in the 2nd quarter valued at approximately $27,000. Royal Bank of Canada grew its holdings in Hallador Energy by 92.5% during the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after buying an additional 679 shares during the last quarter. Summit Securities Group LLC purchased a new position in Hallador Energy during the first quarter worth $31,000. EverSource Wealth Advisors LLC increased its position in Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after buying an additional 2,111 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Hallador Energy in the fourth quarter worth $42,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley bought 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average price of $16.69 per share, with a total value of $250,350.00. Following the transaction, the director owned 338,469 shares in the company, valued at $5,649,047.61. This trade represents a 4.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel Timothy Hudson bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were acquired at an average cost of $16.58 per share, with a total value of $82,900.00. Following the transaction, the director owned 20,000 shares in the company, valued at approximately $331,600. This represents a 33.33% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 35,000 shares of company stock valued at $589,170 in the last quarter. Company insiders own 17.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HNRG. Weiss Ratings upgraded Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Wall Street Zen raised Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, June 28th. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.62.

Hallador Energy Trading Down 0.2%

Shares of HNRG opened at $15.21 on Tuesday. Hallador Energy Company has a twelve month low of $14.65 and a twelve month high of $24.70. The firm has a market capitalization of $716.85 million, a P/E ratio of 28.70 and a beta of 0.24. The stock’s fifty day simple moving average is $17.25 and its 200 day simple moving average is $17.72.

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

Hallador Energy 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.