Charles Ray Iv Wesley Buys 15,000 Shares of Hallador Energy (NASDAQ:HNRG) Stock

Hallador Energy Company (NASDAQ:HNRG) Director Charles Ray Iv Wesley bought 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the acquisition, the director directly owned 338,469 shares of the company’s stock, valued at $5,649,047.61. The trade was a 4.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hallador Energy Trading Up 10.1%

Shares of HNRG opened at $19.45 on Friday. The firm has a market cap of $916.68 million, a PE ratio of 36.70 and a beta of 0.22. The firm has a fifty day simple moving average of $17.31 and a two-hundred day simple moving average of $18.31. Hallador Energy Company has a 1-year low of $14.42 and a 1-year high of $24.70.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. The firm had revenue of $101.81 million for the quarter, compared to the consensus estimate of $102.28 million. As a group, research analysts forecast that Hallador Energy Company will post 0.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $23.00 to $27.00 in a research report on Friday, March 13th. Northland Securities upped their price target on shares of Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. Jefferies Financial Group upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings upgraded shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.62.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Lubar & Co. Inc purchased a new stake in Hallador Energy in the 4th quarter worth $103,806,000. Ameriprise Financial Inc. bought a new stake in Hallador Energy during the second quarter valued at about $18,735,000. Empyrean Capital Partners LP purchased a new position in shares of Hallador Energy in the first quarter valued at about $8,140,000. Millennium Management LLC lifted its position in shares of Hallador Energy by 1,745.5% in the third quarter. Millennium Management LLC now owns 525,080 shares of the energy company’s stock valued at $10,276,000 after acquiring an additional 496,628 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Hallador Energy by 1,720.9% in the fourth quarter. Deutsche Bank AG now owns 405,277 shares of the energy company’s stock worth $7,716,000 after acquiring an additional 383,020 shares during the period. Hedge funds and other institutional investors own 61.38% of the company’s stock.

About Hallador Energy

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.