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

Key Points

• Hallador Energy Company has received a consensus rating of "Buy" from six analysts, with an average 1-year price target of $19.00.
• Insider trading activity includes a significant sale by Director David C. Hardie of 77,868 shares, while Director Charles Ray Iv Wesley bought 20,000 shares.
• Hallador recently reported positive quarterly earnings, with an EPS of $0.19, exceeding estimates, and revenue of $102.89 million.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) has been given a consensus recommendation of "Buy" by the six analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $19.00.

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Hallador Energy from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Zacks Research raised Hallador Energy to a "strong-buy" rating in a research note on Friday, September 12th. B. Riley downgraded Hallador Energy from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $15.00 to $17.00 in a report on Tuesday, August 12th. Finally, Citigroup cut Hallador Energy to a "neutral" rating in a report on Tuesday, August 12th.

Insider Buying and Selling

In other news, Director David C. Hardie sold 77,868 shares of the firm's stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $19.18, for a total value of $1,493,508.24. Following the transaction, the director owned 89,518 shares in the company, valued at approximately $1,716,955.24. This trade represents a 46.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles Ray Iv Wesley bought 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $15.27 per share, for a total transaction of $305,400.00. Following the completion of the purchase, the director owned 234,914 shares of the company's stock, valued at $3,587,136.78. This trade represents a 9.31% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 198,279 shares of company stock valued at $3,829,869. Insiders own 23.73% of the company's stock.

Institutional Trading of Hallador Energy

A number of institutional investors have recently modified their holdings of the company. Deutsche Bank AG increased its holdings in Hallador Energy by 36.5% during the 4th quarter. Deutsche Bank AG now owns 18,207 shares of the energy company's stock valued at $208,000 after purchasing an additional 4,872 shares during the period. Two Sigma Investments LP grew its position in shares of Hallador Energy by 53.4% in the 4th quarter. Two Sigma Investments LP now owns 19,531 shares of the energy company's stock worth $224,000 after buying an additional 6,800 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Hallador Energy by 1,391.0% during the first quarter. GAMMA Investing LLC now owns 6,128 shares of the energy company's stock valued at $750,000 after buying an additional 5,717 shares during the period. Rhumbline Advisers raised its holdings in shares of Hallador Energy by 2.5% during the first quarter. Rhumbline Advisers now owns 37,607 shares of the energy company's stock valued at $462,000 after acquiring an additional 935 shares in the last quarter. Finally, SummerHaven Investment Management LLC raised its holdings in shares of Hallador Energy by 1.3% during the first quarter. SummerHaven Investment Management LLC now owns 106,750 shares of the energy company's stock valued at $1,311,000 after acquiring an additional 1,340 shares in the last quarter. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

Hallador Energy Stock Performance

Shares of NASDAQ HNRG opened at $19.57 on Wednesday. The stock's 50-day moving average is $17.59 and its 200 day moving average is $15.97. The stock has a market cap of $841.71 million, a price-to-earnings ratio of -3.92 and a beta of 0.45. Hallador Energy has a 1-year low of $8.13 and a 1-year high of $22.01. The company has a current ratio of 0.67, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The energy company reported $0.19 EPS for the quarter, beating analysts' consensus estimates 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 46.61% and a positive return on equity of 11.58%. On average, sell-side analysts anticipate that Hallador Energy will post -0.31 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.