Key Points
- Director Charles Ray Iv Wesley bought 20,000 shares on Dec. 17 at an average of $17.83 ($356,600), boosting his stake to 267,914 shares (an 8.07% increase); he also purchased 13,000 shares on Nov. 21 at $19.28.
- Hallador beat quarterly expectations with $0.55 EPS (vs. $0.06 est.) and $146.85M revenue (vs. $110.92M est.), but the company still shows a negative net margin; analysts hold a consensus of "Moderate Buy" with an average price target of $22.67.
Hallador Energy Company (NASDAQ:HNRG - Get Free Report) Director Charles Ray Iv Wesley acquired 20,000 shares of the business's stock in a transaction on Wednesday, December 17th. The shares were purchased at an average cost of $17.83 per share, for a total transaction of $356,600.00. Following the completion of the transaction, the director owned 267,914 shares in the company, valued at approximately $4,776,906.62. This represents a 8.07% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Charles Ray Iv Wesley also recently made the following trade(s):
- On Friday, November 21st, Charles Ray Iv Wesley purchased 13,000 shares of Hallador Energy stock. The shares were purchased at an average price of $19.28 per share, for a total transaction of $250,640.00.
Hallador Energy Stock Performance
Shares of Hallador Energy stock opened at $19.30 on Friday. The business has a fifty day simple moving average of $20.49 and a two-hundred day simple moving average of $18.30. The company has a current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $846.09 million, a P/E ratio of -4.31 and a beta of 0.34. Hallador Energy Company has a 12 month low of $8.37 and a 12 month high of $24.70.
Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its quarterly earnings data on Monday, November 10th. The energy company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.06 by $0.49. The company had revenue of $146.85 million for the quarter, compared to the consensus estimate of $110.92 million. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%. On average, equities analysts forecast that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Industrial Alliance Securities set a $28.00 price objective on shares of Hallador Energy in a report on Tuesday, November 11th. Wall Street Zen raised Hallador Energy from a "hold" rating to a "buy" rating in a report on Sunday, October 26th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hallador Energy in a research report on Wednesday, October 8th. Alliance Global Partners reiterated a "buy" rating on shares of Hallador Energy in a research note on Tuesday, November 11th. Finally, Zacks Research raised shares of Hallador Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.67.
View Our Latest Research Report on HNRG
Hedge Funds Weigh In On Hallador Energy
Several institutional investors have recently made changes to their positions in HNRG. Geode Capital Management LLC grew its position in shares of Hallador Energy by 8.8% during the 2nd quarter. Geode Capital Management LLC now owns 759,770 shares of the energy company's stock valued at $12,029,000 after acquiring an additional 61,666 shares during the period. Bleakley Financial Group LLC bought a new position in Hallador Energy in the 2nd quarter worth $319,000. Jump Financial LLC purchased a new position in Hallador Energy during the first quarter valued at $1,126,000. Vanguard Group Inc. grew its holdings in Hallador Energy by 4.0% during the first quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company's stock valued at $20,797,000 after purchasing an additional 65,652 shares during the period. Finally, American Century Companies Inc. increased its position in Hallador Energy by 15.8% in the second quarter. American Century Companies Inc. now owns 1,071,326 shares of the energy company's stock worth $16,959,000 after buying an additional 146,514 shares in the last quarter. Institutional investors own 61.38% of the company's stock.
Hallador Energy Company Profile
(
Get Free Report)
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.
Further Reading
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