Hallador Energy Company (NASDAQ:HNRG) Receives $25.12 Average Target Price from Analysts

Shares of Hallador Energy Company (NASDAQ:HNRG) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $25.1250.

A number of brokerages have recently issued reports on HNRG. Alliance Global Partners upgraded shares of Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Northland Securities set a $28.00 price target on shares of Hallador Energy in a research report on Tuesday, August 11th. Zacks Research cut shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Weiss Ratings downgraded shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Finally, Wall Street Zen lowered shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th.

Hallador Energy Trading Up 3.8%

NASDAQ:HNRG opened at $15.96 on Friday. The stock’s 50 day moving average price is $16.24 and its 200 day moving average price is $17.16. The company has a market capitalization of $752.35 million, a PE ratio of 798.00 and a beta of 0.26. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. Hallador Energy has a 52-week low of $13.65 and a 52-week high of $24.70.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%.The firm had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.33 million. On average, research analysts anticipate that Hallador Energy will post -0.09 EPS for the current year.

Insider Activity

In related news, Director Daniel Timothy Hudson purchased 5,000 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were purchased at an average price of $16.58 per share, with a total value of $82,900.00. Following the completion of the acquisition, the director directly owned 20,000 shares in the company, valued at $331,600. This represents a 33.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles Ray Iv Wesley purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the transaction, the director directly owned 338,469 shares in the company, valued at $5,649,047.61. This trade represents a 4.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 35,000 shares of company stock valued at $589,170 in the last quarter. Insiders own 17.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hallador Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock worth $187,000 after purchasing an additional 624 shares during the last quarter. Royal Bank of Canada grew its position in Hallador Energy by 92.5% in the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after buying an additional 679 shares during the last quarter. Levin Capital Strategies L.P. grew its position in Hallador Energy by 2.1% in the 1st quarter. Levin Capital Strategies L.P. now owns 43,208 shares of the energy company’s stock valued at $703,000 after buying an additional 900 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Hallador Energy by 71.0% in the 1st quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company’s stock valued at $64,000 after buying an additional 1,631 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Hallador Energy in the 2nd quarter valued at $27,000. Institutional investors and hedge funds 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.