Hallador Energy (NASDAQ:HNRG) Director Daniel Timothy Hudson Buys 10,000 Shares

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson acquired 10,000 shares of the company’s stock in a transaction on Monday, June 29th. The shares were purchased at an average cost of $16.94 per share, with a total value of $169,400.00. Following the completion of the purchase, the director directly owned 15,000 shares of the company’s stock, valued at $254,100. This trade represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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, with a total value of $35,400.00.
• On Wednesday, June 24th, Daniel Timothy Hudson bought 3,000 shares of Hallador Energy stock. The shares were bought at an average cost of $17.04 per share, for a total transaction of $51,120.00.

Hallador Energy Price Performance

Hallador Energy stock traded up $0.46 during trading hours on Tuesday, reaching $17.39. The stock had a trading volume of 947,353 shares, compared to its average volume of 803,874. Hallador Energy Company has a 52 week low of $14.68 and a 52 week high of $24.70. The company has a market cap of $819.59 million, a price-to-earnings ratio of 32.81 and a beta of 0.22. The business’s 50 day moving average price is $17.69 and its 200-day moving average price is $18.17.

Hallador Energy (NASDAQ:HNRG) last released its earnings results 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 company had revenue of $101.81 million during the quarter, compared to analyst estimates of $102.28 million. Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%. On average, sell-side analysts forecast that Hallador Energy Company will post 0.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HNRG shares. Weiss Ratings upgraded shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Northland Securities boosted their price objective on Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. Jefferies Financial Group upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 26th. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday. Finally, B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $23.00 to $27.00 in a research report on Friday, March 13th. One equities 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. According to MarketBeat.com, Hallador Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Empyrean Capital Partners LP bought a new stake in shares of Hallador Energy in the 1st quarter valued at approximately $8,140,000. Quantinno Capital Management LP raised its stake in Hallador Energy by 28.0% during the first quarter. Quantinno Capital Management LP now owns 29,325 shares of the energy company’s stock worth $477,000 after acquiring an additional 6,417 shares during the period. Corsair Capital Management L.P. lifted its holdings in Hallador Energy by 26.1% in the first quarter. Corsair Capital Management L.P. now owns 41,009 shares of the energy company’s stock worth $668,000 after acquiring an additional 8,500 shares during the last quarter. Galaxy Digital Inc. acquired a new position in Hallador Energy in the first quarter valued at approximately $1,628,000. Finally, Renaissance Technologies LLC boosted its stake in Hallador Energy by 2.9% in the first quarter. Renaissance Technologies LLC now owns 308,255 shares of the energy company’s stock valued at $5,018,000 after acquiring an additional 8,800 shares during the period. 61.38% of the stock is owned by hedge funds and other institutional investors.

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.