Hallador Energy (NASDAQ:HNRG) Shares Gap Up on Insider Buying Activity

Hallador Energy Company (NASDAQ:HNRG) gapped up prior to trading on Monday following insider buying activity. The stock had previously closed at $16.33, but opened at $16.94. Hallador Energy shares last traded at $16.7250, with a volume of 39,184 shares traded.

Specifically, Director Daniel Timothy Hudson acquired 5,000 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were purchased at an average cost of $16.58 per share, with a total value of $82,900.00. Following the purchase, the director owned 20,000 shares in the company, valued at approximately $331,600. The trade was a 33.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Analyst Ratings Changes

HNRG has been the subject of several recent research reports. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. 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. Northland Securities raised their price objective on shares of Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Finally, Jefferies Financial Group upgraded Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.62.

Hallador Energy Stock Performance

The company has a market capitalization of $780.99 million, a PE ratio of 31.28 and a beta of 0.24. The stock’s fifty day simple moving average is $17.78 and its 200-day simple moving average is $17.95.

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

Hedge Funds Weigh In On Hallador Energy

Several institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its position in Hallador Energy by 92.5% during the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after acquiring an additional 679 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Hallador Energy in the 2nd quarter valued at $27,000. Summit Securities Group LLC purchased a new position in shares of Hallador Energy during the 1st quarter worth $31,000. EverSource Wealth Advisors LLC lifted 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 during the period. Finally, USA Financial Formulas acquired a new stake in shares of Hallador Energy during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

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.