Insider Buying: Hallador Energy (NASDAQ:HNRG) Director Purchases 20,000 Shares of Stock

Hallador Energy Company (NASDAQ:HNRG) Director Charles Ray Iv Wesley purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $15.27 per share, with a total value of $305,400.00. Following the completion of the acquisition, the director directly owned 234,914 shares of the company’s stock, valued at $3,587,136.78. This represents a 9.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Hallador Energy Trading Up 5.6%

NASDAQ HNRG opened at $15.87 on Thursday. The stock has a market capitalization of $682.57 million, a P/E ratio of -3.18 and a beta of 0.52. Hallador Energy Company has a 52-week low of $5.69 and a 52-week high of $22.01. The firm has a 50-day moving average price of $16.47 and a 200 day moving average price of $14.47. The company has a quick ratio of 0.26, a current ratio of 0.67 and a debt-to-equity ratio of 0.25.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.34. The firm had revenue of $102.89 million during the quarter, compared to analysts’ expectations of $91.73 million. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. Equities research analysts expect that Hallador Energy Company will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HNRG. Raymond James Financial Inc. purchased a new position in shares of Hallador Energy during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its stake in shares of Hallador Energy by 11,110.5% during the 2nd 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 in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Hallador Energy by 68.0% during the 2nd 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 in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Hallador Energy by 294.5% during the 2nd 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 in the last quarter. Finally, Pinnacle Holdings LLC increased its stake 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 worth $68,000 after purchasing an additional 1,373 shares in the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HNRG shares. Citigroup cut shares of Hallador Energy to a “neutral” rating in a report on Tuesday, August 12th. Wall Street Zen cut shares of Hallador Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Northland Securities began coverage on shares of Hallador Energy in a research report on Monday, May 19th. They set an “outperform” rating and a $23.00 price target for the company. Northland Capmk upgraded Hallador Energy to a “strong-buy” rating in a report on Monday, May 19th. Finally, B. Riley cut Hallador Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $15.00 to $17.00 in a report on Tuesday, August 12th. One equities research 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.