Hallador Energy Company (NASDAQ:HNRG) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is mixed: Six brokerages give Hallador Energy a “Moderate Buy” consensus, with an average 12-month price target of $25.13 versus the stock’s $14.33 opening price.
• Hallador reported a quarterly loss of $0.32 per share, missing the $0.12 consensus estimate, although revenue of $101.51 million exceeded expectations. Analysts expect a full-year loss of approximately $0.29 per share.
• Insiders have been buying: Company insiders purchased 20,000 shares worth $338,820 over the past 90 days, while institutional investors own 61.38% of the stock.

Shares of Hallador Energy Company (NASDAQ:HNRG - Get Free Report) have received an average rating of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $25.1250.

Several equities analysts have recently weighed in on the company. Northland Securities set a $28.00 price target on Hallador Energy in a research report on Tuesday, August 11th. Weiss Ratings cut Hallador Energy from a "hold (c-)" rating to a "sell (d-)" rating in a report on Tuesday, August 18th. Alliance Global Partners raised Hallador Energy to a "strong-buy" rating in a report on Friday, August 14th. Wall Street Zen cut Hallador Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 15th. Finally, Zacks Research lowered shares of Hallador Energy from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 12th.

Hallador Energy Stock Down 1.0%

HNRG opened at $14.33 on Wednesday. The company has a 50 day moving average of $15.79 and a 200 day moving average of $16.80. The company has a market cap of $675.52 million, a PE ratio of 716.50 and a beta of 0.31. Hallador Energy has a 12 month low of $13.65 and a 12 month high of $24.70. The company has a current ratio of 0.72, a quick ratio of 0.24 and a debt-to-equity ratio of 0.21.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.20). The business had revenue of $101.51 million for the quarter, compared to the consensus estimate of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. On average, sell-side analysts expect that Hallador Energy will post -0.29 EPS for the current year.

Insiders Place Their Bets

In other news, Director Daniel Hudson bought 5,000 shares of the stock in a transaction on Thursday, July 9th. The shares were acquired at an average cost of $16.58 per share, for a total transaction of $82,900.00. Following the purchase, the director directly owned 20,000 shares of the company's stock, valued at $331,600. This trade represents a 33.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have purchased 20,000 shares of company stock worth $338,820. Corporate insiders own 17.43% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in shares of Hallador Energy in the first quarter worth $31,000. State of Wyoming purchased a new position in Hallador Energy during the second quarter worth about $32,000. Persistent Asset Partners Ltd purchased a new position in Hallador Energy during the second quarter worth about $42,000. 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 worth $64,000 after acquiring an additional 1,631 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Hallador Energy by 14,726.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,041 shares of the energy company's stock worth $96,000 after acquiring an additional 5,007 shares during the last quarter. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

Hallador Energy Company Profile

Hallador Energy Company NASDAQ: HNRG is an energy company focused primarily on coal production and electricity generation. Through its Sunrise Coal subsidiary, the company operates mining properties in Indiana's portion of the Illinois Basin and supplies thermal coal to electric power producers.

Hallador's principal mining operations include the Oaktown Mining Complex and related properties in southwestern Indiana. Its coal is used as fuel for utility-scale power generation, with sales primarily serving customers in the regional Midwest power market.

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