Wall Street Zen Upgrades Hallador Energy (NASDAQ:HNRG) to "Buy"

Key Points

• Wall Street Zen has upgraded Hallador Energy (NASDAQ:HNRG) from a "hold" to a "buy" rating, indicating a positive outlook for the stock.
• Hallador Energy has recently posted better-than-expected quarterly earnings, reporting a $0.19 EPS compared to analysts' estimates of a ($0.15) loss, alongside revenues of $102.89 million.
• Insider trading activity includes Director Charles Ray Iv Wesley purchasing 20,000 shares, increasing their position by 9.31%, which reflects confidence in the company's future prospects.

Hallador Energy (NASDAQ:HNRG - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Several other brokerages have also commented on HNRG. B. Riley lowered Hallador Energy from a "buy" rating to a "neutral" rating and increased their price objective for the company from $15.00 to $17.00 in a research report on Tuesday, August 12th. Northland Capmk upgraded Hallador Energy to a "strong-buy" rating in a research report on Monday, May 19th. Citigroup lowered Hallador Energy to a "neutral" rating in a research report on Tuesday, August 12th. Finally, Northland Securities started coverage on Hallador Energy in a research report on Monday, May 19th. They set an "outperform" rating and a $23.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Hallador Energy has an average rating of "Moderate Buy" and a consensus target price of $19.00.

Hallador Energy Price Performance

Shares of Hallador Energy stock traded down $0.64 during trading on Friday, hitting $17.11. 318,003 shares of the stock traded hands, compared to its average volume of 592,932. The company has a quick ratio of 0.26, a current ratio of 0.67 and a debt-to-equity ratio of 0.25. The stock has a market cap of $735.90 million, a price-to-earnings ratio of -3.43 and a beta of 0.45. The firm's fifty day moving average is $16.78 and its 200-day moving average is $15.08. Hallador Energy has a 52 week low of $6.20 and a 52 week high of $22.01.

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

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley acquired 20,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average cost of $15.27 per share, for a total transaction of $305,400.00. Following the transaction, the director owned 234,914 shares in the company, valued at $3,587,136.78. This represents a 9.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 23.73% of the company's stock.

Institutional Investors Weigh In On Hallador Energy

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of Hallador Energy in the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC grew its position in shares of 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 worth $34,000 after buying an additional 2,111 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Hallador Energy by 68.0% in the 2nd 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 last quarter. Tower Research Capital LLC TRC grew its position in shares of Hallador Energy by 294.5% in the 2nd 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 last quarter. Finally, Hilltop National Bank bought a new stake in shares of Hallador Energy in the 2nd quarter worth approximately $71,000. 61.38% of the stock is currently owned by institutional investors.

About Hallador Energy

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.