Hallador Energy Company (NASDAQ:HNRG) Receives Average Rating of "Hold" from Analysts

Key Points

• Hallador Energy Company (NASDAQ:HNRG) has received an average rating of "Hold" from seven brokerages, with one sell rating, three hold ratings, two buy ratings, and one strong buy rating.
• The company's stock is up 4.0% and opened at $20.63, with a twelve-month price range between $8.13 and $22.44.
• Insider trading activity includes a significant sale of 100,000 shares by Director David C. Hardie for approximately $1.95 million and a purchase of 20,000 shares by Director Charles Ray Iv Wesley valued at about $305,400.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) has earned an average rating of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $19.00.

HNRG has been the subject of several research reports. Zacks Research cut Hallador Energy from a "strong-buy" rating to a "hold" rating in a report on Monday, October 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of Hallador Energy in a report on Saturday. B. Riley cut Hallador Energy from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $15.00 to $17.00 in a report on Tuesday, August 12th. Wall Street Zen raised Hallador Energy from a "hold" rating to a "buy" rating in a report on Sunday. Finally, Citigroup cut Hallador Energy to a "neutral" rating in a report on Tuesday, August 12th.

Hallador Energy Stock Up 4.0%

HNRG stock opened at $20.63 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.67 and a debt-to-equity ratio of 0.25. Hallador Energy has a twelve month low of $8.13 and a twelve month high of $22.44. The business has a 50 day moving average price of $18.41 and a two-hundred day moving average price of $16.98. The company has a market cap of $887.30 million, a price-to-earnings ratio of -4.13 and a beta of 0.39.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its earnings results on Monday, August 11th. The energy company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.34. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%.The company had revenue of $102.89 million during the quarter, compared to the consensus estimate of $91.73 million. Analysts anticipate that Hallador Energy will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In other news, Director David C. Hardie sold 100,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $19.53, for a total transaction of $1,953,000.00. Following the sale, the director directly owned 21,072 shares of the company's stock, valued at approximately $411,536.16. This represents a 82.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles Ray Iv Wesley purchased 20,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $15.27 per share, with a total value of $305,400.00. Following the acquisition, the director directly owned 234,914 shares in the company, valued at $3,587,136.78. This represents a 9.31% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 372,062 shares of company stock worth $7,232,705. 23.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hallador Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. purchased a new stake in Hallador Energy during the second quarter valued at about $18,735,000. CenterBook Partners LP boosted its position in Hallador Energy by 2,371.9% during the 2nd quarter. CenterBook Partners LP now owns 786,671 shares of the energy company's stock valued at $12,453,000 after acquiring an additional 754,846 shares in the last quarter. Millennium Management LLC boosted its position in Hallador Energy by 1,233.6% during the 1st quarter. Millennium Management LLC now owns 486,532 shares of the energy company's stock valued at $5,975,000 after acquiring an additional 450,049 shares in the last quarter. Prudential Financial Inc. bought a new stake in Hallador Energy during the 2nd quarter valued at approximately $6,910,000. Finally, Acadian Asset Management LLC lifted its position in Hallador Energy by 546.8% in the 2nd quarter. Acadian Asset Management LLC now owns 425,584 shares of the energy company's stock valued at $6,735,000 after acquiring an additional 359,789 shares in the last quarter. 61.38% of the stock is owned by institutional investors.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.

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