FY2024 EPS Estimates for Hallador Energy Cut by Analyst

Hallador Energy (NASDAQ:HNRG) – Research analysts at B. Riley cut their FY2024 EPS estimates for Hallador Energy in a note issued to investors on Tuesday, February 25th. B. Riley analyst N. Giles now forecasts that the energy company will post earnings per share of ($0.46) for the year, down from their previous forecast of ($0.31). 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 ($0.18) EPS, FY2025 earnings at ($0.71) EPS and FY2026 earnings at $0.67 EPS.

Separately, Alliance Global Partners started coverage on Hallador Energy in a research note on Monday, December 9th. They issued a “buy” rating and a $17.00 target price on the stock.

Hallador Energy Price Performance

Shares of HNRG opened at $9.59 on Thursday. The business’s 50-day moving average is $11.38 and its two-hundred day moving average is $10.12. The company has a market capitalization of $408.70 million, a P/E ratio of -17.44 and a beta of 0.66. Hallador Energy has a fifty-two week low of $4.33 and a fifty-two week high of $14.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58.

Hedge Funds Weigh In On Hallador Energy

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Hallador Energy by 10.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company’s stock valued at $21,569,000 after acquiring an additional 173,749 shares during the period. Vanguard Group Inc. lifted its holdings in Hallador Energy by 13.9% during the fourth quarter. Vanguard Group Inc. now owns 1,627,909 shares of the energy company’s stock valued at $18,640,000 after purchasing an additional 198,790 shares in the last quarter. Empyrean Capital Partners LP lifted its holdings in Hallador Energy by 71.0% during the fourth quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company’s stock valued at $15,171,000 after purchasing an additional 550,000 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Hallador Energy by 4,460.2% in the fourth quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock valued at $12,566,000 after purchasing an additional 1,073,433 shares during the period. Finally, Apis Capital Advisors LLC increased its stake in shares of Hallador Energy by 106.9% during the fourth quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company’s stock worth $10,282,000 after purchasing an additional 464,000 shares in the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

Insider Activity

In other news, Director David C. Hardie sold 18,775 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.02, for a total transaction of $244,450.50. Following the sale, the director now directly owns 2,022,713 shares in the company, valued at $26,335,723.26. This trade represents a 0.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 32.30% of the company’s stock.

Hallador Energy Company Profile

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.