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

Key Points

• Analyst sentiment is mixed: Hallador Energy has a consensus “Moderate Buy” rating from six analysts, with an average 12-month price target of $25.13 versus a recent share price of $15.38.
• Recent earnings missed expectations: The company reported quarterly EPS of -$0.32, below the -$0.12 consensus estimate, although revenue of $101.51 million exceeded forecasts.
• Insiders and institutions remain active: Insiders bought 35,000 shares worth $589,170 over the past 90 days, while institutional investors own 61.38% of the company.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $25.1250.

HNRG has been the subject of several research analyst reports. Northland Securities set a $28.00 price objective on Hallador Energy in a research report on Tuesday, August 11th. Weiss Ratings lowered shares of Hallador Energy from a "hold (c-)" rating to a "sell (d-)" rating in a research report on Tuesday. Wall Street Zen cut shares of Hallador Energy from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th. Zacks Research downgraded shares of Hallador Energy from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 12th. Finally, Alliance Global Partners upgraded shares of Hallador Energy to a "strong-buy" rating in a research note on Friday, August 14th.

Insider Transactions at Hallador Energy

In other news, Director Daniel Timothy Hudson purchased 10,000 shares of the firm's stock in a transaction dated Monday, June 29th. The shares were acquired at an average price of $16.94 per share, with a total value of $169,400.00. Following the purchase, the director directly owned 15,000 shares of the company's stock, valued at $254,100. The trade was a 200.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles Ray Iv Wesley purchased 15,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the acquisition, the director owned 338,469 shares in the company, valued at approximately $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. Over the last ninety days, insiders acquired 35,000 shares of company stock valued at $589,170. 17.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Hallador Energy

A number of institutional investors have recently bought and sold shares of the company. Galaxy Digital Inc. purchased a new position in shares of Hallador Energy in the first quarter valued at $1,628,000. Monashee Investment Management LLC purchased a new stake in shares of Hallador Energy in the 1st quarter worth about $1,465,000. Dimensional Fund Advisors LP boosted its position in shares of Hallador Energy by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company's stock worth $16,658,000 after buying an additional 109,781 shares in the last quarter. Empyrean Capital Partners LP acquired a new stake in Hallador Energy in the 1st quarter valued at about $8,140,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Hallador Energy in the 1st quarter valued at about $2,351,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

Hallador Energy Stock Performance

Shares of HNRG stock opened at $15.38 on Friday. The company has a market cap of $725.01 million, a price-to-earnings ratio of 769.00 and a beta of 0.25. The stock has a 50 day simple moving average of $16.25 and a 200-day simple moving average of $17.18. 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 posted its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.20). Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. The business had revenue of $101.51 million during the quarter, compared to analysts' expectations of $90.33 million. On average, equities analysts forecast that Hallador Energy will post -0.09 EPS for the current year.

Hallador Energy Company Profile

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.

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