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

Shares of Hallador Energy Company (NASDAQ:HNRG) have been given an average rating of “Hold” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.6667.

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a research report on Thursday, January 22nd. Alliance Global Partners restated a “buy” rating on shares of Hallador Energy in a research report on Tuesday, November 11th. iA Financial set a $28.00 target price on shares of Hallador Energy in a report on Tuesday, November 11th. Finally, Zacks Research lowered shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th.

Insiders Place Their Bets

In other news, Director Charles Ray Iv Wesley bought 20,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were acquired at an average cost of $17.83 per share, with a total value of $356,600.00. Following the completion of the transaction, the director owned 267,914 shares of the company’s stock, valued at approximately $4,776,906.62. This trade represents a 8.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.73% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its position in Hallador Energy by 92.5% in the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after acquiring an additional 679 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Hallador Energy during the 2nd quarter valued at $27,000. State of Alaska Department of Revenue purchased a new stake in shares of Hallador Energy in the 3rd quarter worth $32,000. EverSource Wealth Advisors LLC raised its holdings in Hallador Energy by 11,110.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,111 shares during the period. Finally, USA Financial Formulas purchased a new position in Hallador Energy during the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Trading Up 1.0%

Shares of NASDAQ HNRG opened at $18.95 on Friday. The company has a market cap of $830.48 million, a PE ratio of -4.23 and a beta of 0.22. The firm’s 50 day moving average price is $19.17 and its 200-day moving average price is $19.28. Hallador Energy has a 52-week low of $8.37 and a 52-week high of $24.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.31 and a current ratio of 0.66.

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.