Hallador Energy (NASDAQ:HNRG) Trading Up 11.4% on Insider Buying Activity

Hallador Energy Company (NASDAQ:HNRG) shares traded up 11.4% during mid-day trading on Thursday after an insider bought additional shares in the company. The company traded as high as $19.72 and last traded at $19.6760. 713,196 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 805,150 shares. The stock had previously closed at $17.67.

Specifically, Director Charles Ray Iv Wesley bought 15,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the purchase, the director owned 338,469 shares in the company, valued at $5,649,047.61. This represents a 4.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

HNRG has been the topic of several recent research reports. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 26th. B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $27.00 in a research note on Friday, March 13th. 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. Northland Securities upped their price objective on shares of Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. Finally, Weiss Ratings upgraded Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Hallador Energy has a consensus rating of “Moderate Buy” and a consensus target price of $26.62.

Hallador Energy Stock Up 9.9%

The business has a 50-day moving average of $17.23 and a 200-day moving average of $18.32. The stock has a market cap of $915.64 million, a price-to-earnings ratio of 36.99 and a beta of 0.22.

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

Hedge Funds Weigh In On Hallador Energy

Several institutional investors have recently added to or reduced their stakes in HNRG. AQR Capital Management LLC increased its holdings in shares of Hallador Energy by 1.9% during the first quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock worth $1,271,000 after buying an additional 1,950 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 worth $187,000 after acquiring an additional 624 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Hallador Energy by 1,233.6% in the 1st quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock worth $5,975,000 after acquiring an additional 450,049 shares in the last quarter. Empowered Funds LLC grew its position in Hallador Energy by 5.5% during the 1st quarter. Empowered Funds LLC now owns 246,106 shares of the energy company’s stock worth $3,022,000 after acquiring an additional 12,921 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Hallador Energy during the 1st quarter worth approximately $807,000. 61.38% of the stock is 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.