Hallador Energy (NASDAQ:HNRG) Director David Hardie Sells 34,982 Shares

Key Points

• Hallador Energy Director David Hardie sold 34,982 shares at an average price of $19.82, decreasing his holdings by 24.30% and retaining 108,985 shares valued at approximately $2.16 million.
• The company recently reported a quarterly earnings per share (EPS) of $0.19, exceeding analysts' estimates by $0.34, with revenue of $102.89 million compared to expected $91.73 million.
• Research analysts have mixed ratings for Hallador Energy, with an average target price of $19.00, where two analysts rated it as Strong Buy and others issued neutral or buy ratings.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) Director David Hardie sold 34,982 shares of the business's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $19.82, for a total value of $693,343.24. Following the sale, the director directly owned 108,985 shares of the company's stock, valued at approximately $2,160,082.70. This trade represents a 24.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Hallador Energy Trading Up 1.1%

HNRG stock traded up $0.22 during trading on Monday, reaching $19.36. 794,852 shares of the stock traded hands, compared to its average volume of 698,022. The business's 50 day moving average price is $17.44 and its 200-day moving average price is $15.89. The firm has a market capitalization of $832.67 million, a PE ratio of -3.88 and a beta of 0.46. Hallador Energy Company has a 52-week low of $8.13 and a 52-week high of $22.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.26.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The energy company reported $0.19 EPS 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 analysts' expectations 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, sell-side analysts forecast that Hallador Energy Company will post -0.31 earnings per share for the current year.

Institutional Trading of Hallador Energy

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. B. Riley cut Hallador Energy from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $15.00 to $17.00 in a research note on Tuesday, August 12th. Zacks Research upgraded Hallador Energy to a "strong-buy" rating in a research note on Friday, September 12th. Wall Street Zen upgraded Hallador Energy from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Finally, Citigroup cut Hallador Energy to a "neutral" rating in a research note on Tuesday, August 12th. Two research analysts have 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 MarketBeat, Hallador Energy currently has an average rating of "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.

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