Hallador Energy (NASDAQ:HNRG) Stock Price Up 8.8% – Here’s What Happened

Hallador Energy Company (NASDAQ:HNRG)’s stock price traded up 8.8% during trading on Monday . The stock traded as high as $16.02 and last traded at $16.0650. 1,302,069 shares changed hands during mid-day trading, an increase of 61% from the average daily volume of 807,019 shares. The stock had previously closed at $14.76.

Analyst Ratings Changes

HNRG has been the subject of a number of analyst reports. Wall Street Zen raised Hallador Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Hallador Energy in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.62.

Hallador Energy Trading Up 8.9%

The stock has a market capitalization of $757.33 million, a P/E ratio of 30.49 and a beta of 0.26. The stock’s 50 day simple moving average is $16.54 and its 200 day simple moving average is $17.40.

Insider Transactions at Hallador Energy

In other news, Director Daniel Timothy Hudson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The stock was acquired at an average cost of $16.58 per share, for a total transaction of $82,900.00. Following the completion of the purchase, the director owned 20,000 shares of the company’s stock, valued at approximately $331,600. This trade represents a 33.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Ray Iv Wesley acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of $16.69 per share, with a total value of $250,350.00. Following the completion of the acquisition, the director owned 338,469 shares of the company’s stock, valued at $5,649,047.61. The trade was a 4.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 35,000 shares of company stock worth $589,170. Company insiders own 17.43% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Hallador Energy by 92.5% in the 4th 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 in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Hallador Energy in the 2nd quarter valued at approximately $27,000. State of Wyoming acquired a new stake in shares of Hallador Energy during the 2nd quarter valued at approximately $32,000. Summit Securities Group LLC acquired a new stake in shares of Hallador Energy during the 1st quarter valued at approximately $31,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Hallador Energy by 11,110.5% during the second 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 last quarter. 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.