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

Key Points

• Hallador Energy Company (NASDAQ:HNRG) has been rated as a "Moderate Buy" by five brokerages, with an average 12-month price target of $19.00.
• Insider activity is notable, as Director David C. Hardie sold over 97,000 shares at an average price of $19.05, significantly reducing his holdings.
• Despite receiving upgrade ratings from some firms, Hallador Energy's stock price fell 8.7% to $17.91 in recent trading.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) has been given an average rating of "Moderate Buy" by the five research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $19.00.

A number of brokerages have issued reports on HNRG. Northland Capmk upgraded shares of Hallador Energy to a "strong-buy" rating in a report on Monday, May 19th. Northland Securities initiated coverage on Hallador Energy in a research report on Monday, May 19th. They set an "outperform" rating and a $23.00 target price for the company. Citigroup downgraded Hallador Energy to a "neutral" rating in a research report on Tuesday. Wall Street Zen downgraded Hallador Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, B. Riley downgraded Hallador Energy from a "buy" rating to a "neutral" rating and set a $17.00 target price for the company. in a research report on Tuesday.

Insider Activity at Hallador Energy

In related news, Director David C. Hardie sold 97,837 shares of Hallador Energy stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $19.05, for a total transaction of $1,863,794.85. Following the completion of the transaction, the director directly owned 139,089 shares of the company's stock, valued at approximately $2,649,645.45. The trade was a 41.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 23.73% of the company's stock.

Institutional Investors Weigh In On Hallador Energy

Large investors have recently modified their holdings of the business. Pinnacle Holdings LLC grew its position in Hallador Energy by 33.0% during the 1st quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company's stock worth $68,000 after purchasing an additional 1,373 shares during the last quarter. Hilltop National Bank purchased a new stake in Hallador Energy during the second quarter worth $71,000. Legal & General Group Plc boosted its holdings in Hallador Energy by 23.5% during the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock worth $86,000 after buying an additional 1,435 shares in the last quarter. XTX Topco Ltd purchased a new stake in Hallador Energy during the fourth quarter worth $121,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in shares of Hallador Energy by 31.5% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,774 shares of the energy company's stock valued at $123,000 after buying an additional 1,863 shares in the last quarter. Hedge funds and other institutional investors own 61.38% of the company's stock.

Hallador Energy Stock Down 8.7%

Hallador Energy stock traded down $1.71 on Tuesday, hitting $17.91. 885,336 shares of the stock traded hands, compared to its average volume of 709,753. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 0.09. The firm has a market cap of $769.73 million, a P/E ratio of -3.25 and a beta of 0.52. The business's fifty day simple moving average is $16.49 and its 200 day simple moving average is $14.22. Hallador Energy has a 1 year low of $5.56 and a 1 year high of $22.01.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.34. The business had revenue of $102.89 million for the quarter, compared to analysts' expectations of $91.73 million. Hallador Energy had a negative net margin of 52.50% and a positive return on equity of 0.31%. As a group, sell-side analysts forecast that Hallador Energy will post -0.31 earnings per share for the current year.

Hallador Energy Company Profile

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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