Hallador Energy (NASDAQ:HNRG) Director Purchases $305,400.00 in Stock

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 acquired 20,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of $15.27 per share, for a total transaction of $305,400.00. Following the completion of the acquisition, the director directly owned 234,914 shares of the company's stock, valued at approximately $3,587,136.78. This represents a 9.31% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hallador Energy Price Performance

NASDAQ HNRG traded up $0.44 during trading on Friday, reaching $16.19. 461,833 shares of the company traded hands, compared to its average volume of 933,036. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.67. The stock's 50 day moving average price is $16.46 and its two-hundred day moving average price is $14.59. The company has a market cap of $696.33 million, a price-to-earnings ratio of -3.24 and a beta of 0.52. Hallador Energy Company has a 1-year low of $5.76 and a 1-year high of $22.01.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The energy company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.34. The company had revenue of $102.89 million for the quarter, compared to the consensus estimate of $91.73 million. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. As a group, analysts anticipate that Hallador Energy Company will post -0.31 EPS for the current year.

Institutional Trading of Hallador Energy

Several hedge funds have recently modified their holdings of HNRG. Raymond James Financial Inc. bought a new stake in shares of Hallador Energy during the second quarter valued at approximately $27,000. EverSource Wealth Advisors LLC grew 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 valued at $34,000 after purchasing an additional 2,111 shares during the last quarter. Ameritas Investment Partners Inc. grew 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 valued at $50,000 after purchasing an additional 1,283 shares during the last quarter. Tower Research Capital LLC TRC grew 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 valued at $50,000 after purchasing an additional 2,374 shares during the last quarter. Finally, Pinnacle Holdings LLC grew 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 valued at $68,000 after purchasing an additional 1,373 shares during the last quarter. 61.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Hallador Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. B. Riley lowered shares of Hallador Energy from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $15.00 to $17.00 in a report on Tuesday, August 12th. Northland Securities initiated coverage on shares of Hallador Energy in a report on Monday, May 19th. They set an "outperform" rating and a $23.00 price objective for the company. Northland Capmk raised shares of Hallador Energy to a "strong-buy" rating in a report on Monday, May 19th. Finally, Citigroup lowered shares of Hallador Energy to a "neutral" rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hallador Energy has an average rating of "Moderate Buy" and an average target price 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.