Charles Ray Iv Wesley Buys 13,000 Shares of Hallador Energy (NASDAQ:HNRG) Stock

Hallador Energy Company (NASDAQ:HNRG) Director Charles Ray Iv Wesley acquired 13,000 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was bought at an average price of $19.28 per share, with a total value of $250,640.00. Following the completion of the acquisition, the director directly owned 247,914 shares in the company, valued at approximately $4,779,781.92. This represents a 5.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hallador Energy Stock Down 4.1%

Shares of NASDAQ:HNRG traded down $0.82 during trading on Friday, reaching $19.21. 731,103 shares of the stock traded hands, compared to its average volume of 673,701. Hallador Energy Company has a 52-week low of $8.37 and a 52-week high of $24.70. The stock has a 50-day moving average of $20.10 and a two-hundred day moving average of $17.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.67. The stock has a market cap of $841.88 million, a P/E ratio of -3.85 and a beta of 0.44.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Monday, November 10th. The energy company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.49. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%.The company had revenue of $146.85 million for the quarter, compared to the consensus estimate of $110.92 million. As a group, sell-side analysts expect that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Citigroup downgraded Hallador Energy to a “neutral” rating in a research report on Tuesday, August 12th. B. Riley cut shares of Hallador Energy from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $15.00 to $17.00 in a research note on Tuesday, August 12th. Alliance Global Partners restated a “buy” rating on shares of Hallador Energy in a research report on Tuesday, November 11th. Zacks Research lowered Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hallador Energy in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Hallador Energy has a consensus rating of “Hold” and an average price target of $21.25.

Institutional Investors Weigh In On Hallador Energy

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Hallador Energy by 4.0% in the first quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company’s stock worth $20,797,000 after buying an additional 65,652 shares in the last quarter. American Century Companies Inc. grew its stake in Hallador Energy by 10.6% during the 3rd quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock worth $23,188,000 after buying an additional 113,547 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Hallador Energy during the 2nd quarter valued at about $18,735,000. Apis Capital Advisors LLC increased its position in Hallador Energy by 20.3% during the 1st quarter. Apis Capital Advisors LLC now owns 1,079,935 shares of the energy company’s stock valued at $13,262,000 after buying an additional 181,935 shares in the last quarter. Finally, CenterBook Partners LP raised its stake in Hallador Energy by 2,371.9% in the second quarter. CenterBook Partners LP now owns 786,671 shares of the energy company’s stock valued at $12,453,000 after buying an additional 754,846 shares during the last quarter. 61.38% of the stock is owned by hedge funds and other 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.