Charles Ray Iv Wesley Purchases 15,000 Shares of Hallador Energy (NASDAQ:HNRG) Stock

Hallador Energy Company (NASDAQ:HNRG) Director Charles Ray Iv Wesley acquired 15,000 shares of Hallador Energy stock in a transaction on Tuesday, June 16th. The shares were bought at an average cost of $16.69 per share, with a total value of $250,350.00. Following the completion of the transaction, the director owned 338,469 shares of the company’s stock, valued at approximately $5,649,047.61. This trade represents a 4.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hallador Energy Stock Up 2.1%

Shares of Hallador Energy stock traded up $0.37 during trading on Wednesday, reaching $17.67. The company’s stock had a trading volume of 811,236 shares, compared to its average volume of 806,238. The business’s 50-day moving average price is $17.20 and its 200-day moving average price is $18.33. The firm has a market cap of $832.79 million, a PE ratio of 33.34 and a beta of 0.22. Hallador Energy Company has a 52 week low of $14.42 and a 52 week high of $24.70.

Hallador Energy (NASDAQ:HNRG) last announced its 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 business had revenue of $101.81 million during the quarter, compared to the consensus estimate of $102.28 million. Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. Equities analysts predict that Hallador Energy Company will post 0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen raised Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings raised Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note 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. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $27.00 in a research note on Friday, March 13th. Finally, Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.63.

Institutional Trading of Hallador Energy

Several institutional investors have recently added to or reduced their stakes in HNRG. Royal Bank of Canada increased its position 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 purchasing an additional 679 shares during the period. Raymond James Financial Inc. acquired a new stake in Hallador Energy during the 2nd quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new stake in Hallador Energy during the 1st quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its position in 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. Finally, USA Financial Formulas acquired a new stake in Hallador Energy during the 4th quarter valued at approximately $42,000. 61.38% of the stock is currently owned by institutional investors.

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.