Hallador Energy Company (NASDAQ:HNRG) Receives $22.67 Consensus Target Price from Analysts

Shares of Hallador Energy Company (NASDAQ:HNRG) have earned an average recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $22.6667.

Several research firms have weighed in on HNRG. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. Alliance Global Partners reaffirmed a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th. Wall Street Zen upgraded shares of Hallador Energy from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Zacks Research lowered shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, iA Financial set a $28.00 price objective on shares of Hallador Energy in a research note on Tuesday, November 11th.

Hallador Energy Trading Up 6.8%

Shares of Hallador Energy stock opened at $20.06 on Tuesday. The firm’s 50 day simple moving average is $19.55 and its two-hundred day simple moving average is $19.12. The firm has a market capitalization of $879.23 million, a price-to-earnings ratio of -4.48 and a beta of 0.23. Hallador Energy has a 12-month low of $8.37 and a 12-month high of $24.70. The company has a current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 0.02.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Monday, November 10th. The energy company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.49. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%. The firm had revenue of $146.85 million for the quarter, compared to analyst estimates of $110.92 million. Analysts predict that Hallador Energy will post -0.31 EPS for the current year.

Insider Transactions at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley purchased 20,000 shares of the stock in a transaction on Wednesday, December 17th. The shares were bought at an average cost of $17.83 per share, with a total value of $356,600.00. Following the completion of the acquisition, the director owned 267,914 shares in the company, valued at $4,776,906.62. This trade represents a 8.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 23.73% of the stock is owned by corporate insiders.

Institutional Trading of Hallador Energy

A number of hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in Hallador Energy during the third quarter valued at approximately $32,000. Raymond James Financial Inc. acquired a new stake in shares of Hallador Energy during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its holdings in shares of 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 in the last quarter. USA Financial Formulas acquired a new position in shares of Hallador Energy in the 4th quarter valued at $42,000. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Hallador Energy by 68.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock valued at $50,000 after purchasing an additional 1,283 shares during the period. Hedge funds and other institutional investors own 61.38% of the company’s stock.

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.