Hallador Energy (NASDAQ:HNRG) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Hallador Energy from “sell” to “strong sell,” while Zacks Research also lowered its rating to “strong sell.” Despite this, the broader analyst consensus remains “Moderate Buy,” with a $25.12 target price.
• Hallador shares opened at $16.16, near their 50-day average of $16.29 and below the 12-month high of $24.70. The company reported a quarterly loss of $0.32 per share, missing estimates by $0.20, although revenue exceeded expectations.
• Company insiders purchased 35,000 shares worth approximately $589,170 over the past 90 days, and insiders currently own 17.43% of Hallador’s stock.

Hallador Energy (NASDAQ:HNRG - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research note issued to investors on Saturday.

Several other brokerages have also issued reports on HNRG. Zacks Research lowered Hallador Energy from a "hold" rating to a "strong sell" rating in a research note on Wednesday. Northland Securities set a $28.00 target price on Hallador Energy in a research report on Tuesday. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Hallador Energy in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.12.

Hallador Energy Price Performance

Shares of NASDAQ:HNRG opened at $16.16 on Friday. The company's fifty day moving average is $16.29 and its two-hundred day moving average is $17.27. The company has a market cap of $761.78 million, a P/E ratio of 808.00 and a beta of 0.25. Hallador Energy has a 12-month low of $13.65 and a 12-month high of $24.70. The company has a quick ratio of 0.29, a current ratio of 0.72 and a debt-to-equity ratio of 0.21.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its earnings results on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.20). The business had revenue of $101.51 million during the quarter, compared to analyst estimates of $90.33 million. Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. Equities analysts expect that Hallador Energy will post -0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hallador Energy news, Director Daniel Timothy Hudson bought 10,000 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average price of $16.94 per share, for a total transaction of $169,400.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at $254,100. This trade represents a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles Ray Iv Wesley acquired 15,000 shares of Hallador Energy stock in a transaction on Tuesday, June 16th. The stock was purchased at an average cost of $16.69 per share, with a total value of $250,350.00. Following the completion of the transaction, the director directly owned 338,469 shares in the company, valued at $5,649,047.61. This represents a 4.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 35,000 shares of company stock valued at $589,170 in the last ninety days. 17.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Hallador Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Jupiter Topco LLC acquired a new stake in Hallador Energy in the 2nd quarter valued at approximately $294,000. Canada Pension Plan Investment Board bought a new stake in Hallador Energy during the second quarter worth $264,000. Legal & General Group Plc bought a new stake in shares of Hallador Energy in the 2nd quarter valued at about $144,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Hallador Energy in the second quarter valued at approximately $2,627,000. Finally, JB Capital Partners LP bought a new stake in Hallador Energy in the 2nd quarter valued at $2,782,400,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

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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