Hallador Energy Company (NASDAQ:HNRG) Given Average Rating of “Moderate Buy” by Brokerages

Hallador Energy Company (NASDAQ:HNRG) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $25.1250.

A number of research firms have recently issued reports on HNRG. Weiss Ratings cut Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Alliance Global Partners upgraded shares of Hallador Energy to a “strong-buy” rating in a research note on Friday, August 14th. Northland Securities set a $28.00 price target on shares of Hallador Energy in a research note on Tuesday, August 11th. Zacks Research cut shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th.

Insider Buying and Selling

In other Hallador Energy news, Director Daniel Hudson purchased 10,000 shares of the business’s stock in a transaction on Monday, June 29th. The stock was purchased at an average price of $16.94 per share, for a total transaction of $169,400.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at approximately $254,100. This trade represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 20,000 shares of company stock worth $338,820 in the last three months. 17.43% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hallador Energy

Hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC boosted its stake in Hallador Energy by 155.3% in the 2nd quarter. Squarepoint Ops LLC now owns 215,999 shares of the energy company’s stock valued at $3,756,000 after buying an additional 131,390 shares in the last quarter. Value Aligned Research Advisors LLC bought a new stake in Hallador Energy in the second quarter valued at $5,578,000. Bank of America Corp DE acquired a new position in Hallador Energy during the second quarter worth $1,056,000. Jupiter Topco LLC acquired a new position in Hallador Energy during the second quarter worth $294,000. Finally, Canada Pension Plan Investment Board acquired a new position in Hallador Energy during the second quarter worth $264,000. 61.38% of the stock is owned by institutional investors and hedge funds.

More Hallador Energy News

Here are the key news stories impacting Hallador Energy this week:

• Positive Sentiment: Hallador closed a $600 million senior secured term loan, with total debt financing potentially reaching $675 million subject to lender approval. The three-year facility, which may be extended by two years, is expected to fund most of Turtle Creek’s estimated project cost of less than $800 million. Hallador Secures Up to $675 Million Debt Financing for Turtle Creek Gas
• Positive Sentiment: The financing announcement supports Hallador’s plan to develop Turtle Creek while reducing immediate funding uncertainty. Management cited a $2.4 billion contracted forward sales position and expected operating cash flow as a pathway to fully fund the project. Hallador Energy Secures Loan Commitment for Turtle Creek Natural Gas Project
• Positive Sentiment: Unusual options activity may be adding to the bullish tone: traders bought 3,003 HNRG call options, more than double the average volume of approximately 1,300 contracts. This indicates increased speculative interest, although it does not guarantee further gains.
• Negative Sentiment: The project will substantially increase Hallador’s debt burden and expose the company to execution, financing-cost and natural-gas-market risks. Investors will also monitor whether future operating cash flow is sufficient to service the loan and complete construction.

Hallador Energy Stock Performance

Shares of HNRG opened at $15.12 on Wednesday. Hallador Energy has a 12-month low of $13.65 and a 12-month high of $24.70. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $712.76 million, a price-to-earnings ratio of 756.00 and a beta of 0.31. The stock’s 50-day moving average price is $15.71 and its 200 day moving average price is $16.73.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. The firm had revenue of $101.51 million during the quarter, compared to analyst estimates of $90.33 million. As a group, research analysts predict that Hallador Energy will post -0.29 earnings per share for the current year.

Hallador Energy Company Profile

Hallador Energy Company (NASDAQ:HNRG) is an energy company focused primarily on coal production and electricity generation. Through its Sunrise Coal subsidiary, the company operates mining properties in Indiana’s portion of the Illinois Basin and supplies thermal coal to electric power producers.

Hallador’s principal mining operations include the Oaktown Mining Complex and related properties in southwestern Indiana. Its coal is used as fuel for utility-scale power generation, with sales primarily serving customers in the regional Midwest power market.