Hallador Energy (NASDAQ:HNRG) Director Charles Ray Iv Wesley Purchases 20,000 Shares

Key Points

• Director Charles Ray Iv Wesley of Hallador Energy (NASDAQ:HNRG) purchased 20,000 shares at an average cost of $15.27 per share, increasing his total holdings to 234,914 shares, valued at approximately $3.6 million.
• Following recent trading activity, Hallador Energy's stock has seen a 7.1% decrease, reaching $15.03, with a trading volume of over 1 million shares.
• The company reported earnings of $0.19 per share for the last quarter, exceeding expectations and reflecting a revenue of $102.89 million, compared to the estimated $91.73 million.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) Director Charles Ray Iv Wesley purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $15.27 per share, with a total value of $305,400.00. Following the acquisition, the director owned 234,914 shares in the company, valued at $3,587,136.78. The trade was a 9.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hallador Energy Trading Down 7.1%

Hallador Energy stock traded down $1.15 during midday trading on Tuesday, reaching $15.03. The stock had a trading volume of 1,084,482 shares, compared to its average volume of 914,972. 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 Company has a 52-week low of $5.69 and a 52-week high of $22.01. The firm has a market cap of $646.44 million, a price-to-earnings ratio of -3.01 and a beta of 0.52. The company has a fifty day moving average of $16.48 and a 200 day moving average of $14.46.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The energy company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.34. The company had revenue of $102.89 million for the quarter, compared to analyst estimates 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, analysts anticipate that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hallador Energy

Several institutional investors have recently bought and sold shares of HNRG. Raymond James Financial Inc. acquired a new stake in Hallador Energy in the second quarter valued at approximately $27,000. EverSource Wealth Advisors LLC lifted its stake in shares of Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company's stock worth $34,000 after buying an additional 2,111 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Hallador Energy by 68.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company's stock worth $50,000 after buying an additional 1,283 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Hallador Energy by 294.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company's stock worth $50,000 after buying an additional 2,374 shares during the period. Finally, Pinnacle Holdings LLC lifted its stake in shares of Hallador Energy by 33.0% during the first quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company's stock worth $68,000 after buying an additional 1,373 shares during the period. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Northland Capmk raised shares of Hallador Energy to a "strong-buy" rating in a research report on Monday, May 19th. Wall Street Zen lowered shares of Hallador Energy from a "buy" rating to a "hold" rating in a report on Saturday. Citigroup lowered shares of Hallador Energy to a "neutral" rating in a report on Tuesday, August 12th. Northland Securities started coverage on shares of Hallador Energy in a report on Monday, May 19th. They set an "outperform" rating and a $23.00 price objective on the stock. Finally, B. Riley lowered shares of Hallador Energy from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $15.00 to $17.00 in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Hallador Energy has an average rating of "Moderate Buy" and an average price target of $19.00.

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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