Analysts Issue Forecasts for Hallador Energy FY2024 Earnings

Hallador Energy (NASDAQ:HNRG) – Equities research analysts at B. Riley boosted their FY2024 earnings per share estimates for Hallador Energy in a research report issued to clients and investors on Wednesday, November 13th. B. Riley analyst L. Pipes now expects that the energy company will post earnings of ($0.31) per share for the year, up from their prior forecast of ($0.41). B. Riley currently has a “Buy” rating and a $13.00 price target on the stock. The consensus estimate for Hallador Energy’s current full-year earnings is ($0.31) per share. B. Riley also issued estimates for Hallador Energy’s Q4 2024 earnings at ($0.03) EPS, Q1 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.05 EPS, FY2025 earnings at $0.16 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.44 EPS and FY2026 earnings at $1.43 EPS.

Separately, StockNews.com cut Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th.

Hallador Energy Stock Performance

HNRG stock opened at $12.85 on Monday. The company has a 50 day moving average price of $9.31 and a 200 day moving average price of $7.85. Hallador Energy has a fifty-two week low of $4.33 and a fifty-two week high of $13.57. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.16. The stock has a market capitalization of $547.63 million, a PE ratio of -23.36 and a beta of 0.62.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The company had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. During the same period in the previous year, the firm posted $0.47 earnings per share.

Insider Transactions at Hallador Energy

In related news, Director Zarrell Thomas Gray bought 5,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were purchased at an average price of $5.75 per share, with a total value of $28,750.00. Following the completion of the purchase, the director now owns 33,000 shares of the company’s stock, valued at $189,750. This represents a 17.86 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Charles Ray Iv Wesley bought 25,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $5.97 per share, with a total value of $149,250.00. Following the completion of the transaction, the director now directly owns 184,302 shares in the company, valued at approximately $1,100,282.94. This trade represents a 15.69 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 46,000 shares of company stock worth $280,040 in the last quarter. 32.30% of the stock is owned by company insiders.

Institutional Trading of Hallador Energy

A number of hedge funds have recently modified their holdings of HNRG. The Manufacturers Life Insurance Company acquired a new position in Hallador Energy during the second quarter valued at approximately $78,000. CWM LLC boosted its position in shares of Hallador Energy by 154.4% during the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock worth $78,000 after purchasing an additional 4,993 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Hallador Energy in the 3rd quarter valued at $96,000. Exchange Traded Concepts LLC increased its position in shares of Hallador Energy by 66.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock valued at $98,000 after buying an additional 4,132 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Hallador Energy in the 3rd quarter valued at $100,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.