Hallador Energy (NASDAQ:HNRG) Stock Price Up 8.8% - Should You Buy?

Key Points

• Hallador Energy shares rose 8.8% to about $16.07, with trading volume 61% above the average daily level.
• Analysts give the stock an overall “Moderate Buy” rating, with an average price target of $26.62; ratings include one Strong Buy, three Buys, and three Holds.
• Insiders bought 35,000 shares worth approximately $589,170 in the last quarter, while institutional investors own 61.38% of the company.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report)'s stock price was up 8.8% during trading on Monday . The company traded as high as $16.02 and last traded at $16.0650. Approximately 1,302,069 shares traded hands during mid-day trading, an increase of 61% from the average daily volume of 807,019 shares. The stock had previously closed at $14.76.

Analysts Set New Price Targets

HNRG has been the subject of several research reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Hallador Energy in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Hallador Energy from a "strong sell" rating to a "sell" rating in a research report on Sunday, June 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $26.62.

Hallador Energy Price Performance

The firm has a 50-day simple moving average of $16.54 and a 200 day simple moving average of $17.40. The company has a market capitalization of $757.33 million, a PE ratio of 30.49 and a beta of 0.26.

Insider Transactions at Hallador Energy

In related news, Director Charles Ray Iv Wesley bought 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average cost 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 $5,649,047.61. This represents a 4.64% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel Timothy Hudson purchased 5,000 shares of Hallador Energy stock in a transaction that occurred on Thursday, July 9th. The shares were bought at an average cost of $16.58 per share, for a total transaction of $82,900.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at $331,600. This represents a 33.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 35,000 shares of company stock valued at $589,170. Insiders own 17.43% of the company's stock.

Institutional Trading of Hallador Energy

A number of hedge funds have recently made changes to their positions in HNRG. Royal Bank of Canada boosted its stake in shares of Hallador Energy by 92.5% in the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company's stock valued at $27,000 after purchasing an additional 679 shares during the period. Raymond James Financial Inc. purchased a new stake in Hallador Energy during the 2nd quarter worth $27,000. Summit Securities Group LLC acquired a new position in Hallador Energy in the 1st quarter worth $31,000. State of Wyoming acquired a new position in Hallador Energy in the 2nd quarter worth $32,000. Finally, EverSource Wealth Advisors LLC boosted its position in Hallador Energy by 11,110.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company's stock valued at $34,000 after buying an additional 2,111 shares during the last quarter. Hedge funds and other institutional investors own 61.38% of the company's stock.

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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