Hallador Energy (NASDAQ:HNRG) Stock Price Expected to Rise, B. Riley Analyst Says

Hallador Energy (NASDAQ:HNRG) had its target price hoisted by investment analysts at B. Riley from $9.00 to $13.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the energy company’s stock. B. Riley’s target price would indicate a potential downside of 2.84% from the stock’s current price.

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 opened at $13.38 on Wednesday. The company has a market cap of $569.99 million, a P/E ratio of -24.36 and a beta of 0.62. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $13.57. The company has a quick ratio of 0.16, a current ratio of 0.53 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $9.03 and its 200-day moving average price is $7.74.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.14. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.88%. The business 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. As a group, equities analysts anticipate that Hallador Energy will post -0.41 EPS for the current fiscal year.

Insider Transactions at Hallador Energy

In related news, Director Charles Ray Iv Wesley bought 25,000 shares of the stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $5.97 per share, for a total transaction of $149,250.00. Following the completion of the purchase, the director now directly owns 184,302 shares of the company’s stock, valued at $1,100,282.94. This represents a 15.69 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Zarrell Thomas Gray bought 14,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $6.36 per share, for a total transaction of $89,040.00. Following the completion of the acquisition, the director now owns 47,000 shares of the company’s stock, valued at $298,920. This trade represents a 42.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 46,000 shares of company stock worth $280,040 over the last 90 days. 32.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hallador Energy

Several large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new stake in Hallador Energy during the second quarter valued at $78,000. CWM LLC increased its stake in shares of Hallador Energy by 154.4% in the 3rd quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after purchasing an additional 4,993 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Hallador Energy by 66.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after purchasing an additional 4,132 shares during the period. SG Americas Securities LLC purchased a new position in Hallador Energy during the third quarter worth approximately $100,000. Finally, Net Worth Advisory Group acquired a new stake in Hallador Energy in the third quarter valued at approximately $162,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

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.