Hallador Energy (NASDAQ:HNRG) Director Daniel Timothy Hudson Purchases 10,000 Shares of Stock

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson bought 10,000 shares of the business’s stock in a transaction on Monday, June 29th. The stock was bought at an average price of $16.94 per share, with a total value of $169,400.00. Following the purchase, the director owned 15,000 shares in the company, valued at $254,100. This trade represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Daniel Timothy Hudson also recently made the following trade(s):

• On Thursday, June 25th, Daniel Timothy Hudson purchased 2,000 shares of Hallador Energy stock. The shares were bought at an average price of $17.70 per share, for a total transaction of $35,400.00.
• On Wednesday, June 24th, Daniel Timothy Hudson purchased 3,000 shares of Hallador Energy stock. The shares were bought at an average price of $17.04 per share, for a total transaction of $51,120.00.

Hallador Energy Trading Up 2.7%

Shares of Hallador Energy stock opened at $17.39 on Wednesday. The company’s 50-day moving average price is $17.69 and its 200-day moving average price is $18.17. Hallador Energy Company has a 12-month low of $14.68 and a 12-month high of $24.70. The company has a market cap of $819.59 million, a price-to-earnings ratio of 32.81 and a beta of 0.22.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported ($0.20) 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 analysts’ expectations of $102.28 million. Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. On average, sell-side analysts predict that Hallador Energy Company will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $27.00 in a research report on Friday, March 13th. Northland Securities boosted their target price on Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Wall Street Zen upgraded Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. Finally, Weiss Ratings raised Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. One equities research 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 stock. Based on data from MarketBeat, Hallador Energy has an average rating of “Moderate Buy” and an average target price of $26.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Value Aligned Research Advisors LLC boosted its position in Hallador Energy by 1,038.2% during the third quarter. Value Aligned Research Advisors LLC now owns 320,759 shares of the energy company’s stock valued at $6,277,000 after buying an additional 292,577 shares during the period. Lubar & Co. Inc purchased a new position in shares of Hallador Energy in the fourth quarter worth about $103,806,000. American Century Companies Inc. lifted its stake in shares of Hallador Energy by 10.6% in the 3rd quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock valued at $23,188,000 after acquiring an additional 113,547 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in shares of Hallador Energy in the 4th quarter valued at about $1,363,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in Hallador Energy during the 4th quarter valued at about $2,660,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

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.