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

Hallador Energy (NASDAQ:HNRG) had its price objective lifted by stock analysts at B. Riley from $9.00 to $13.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the energy company’s stock. B. Riley’s target price points to a potential upside of 10.92% from the stock’s current price.

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

Hallador Energy Trading Up 12.2 %

Shares of HNRG stock traded up $1.27 during trading hours on Wednesday, hitting $11.72. 1,171,340 shares of the company’s stock traded hands, compared to its average volume of 472,374. The stock has a market cap of $499.27 million, a PE ratio of -20.75 and a beta of 0.62. The stock’s 50 day simple moving average is $8.89 and its 200 day simple moving average is $7.70. The company has a quick ratio of 0.16, a current ratio of 0.53 and a debt-to-equity ratio of 0.11. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $13.57.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.14. The firm had revenue of $105.04 million for the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative return on equity of 6.88% and a negative net margin of 4.85%. During the same period in the previous year, the business earned $0.47 EPS. On average, sell-side analysts anticipate that Hallador Energy will post -0.41 EPS for the current year.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director Zarrell Thomas Gray acquired 14,000 shares of the stock in a transaction dated Monday, August 26th. The stock was purchased at an average cost of $6.36 per share, with a total value of $89,040.00. Following the transaction, the director now owns 47,000 shares in the company, valued at approximately $298,920. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Charles Ray Iv Wesley purchased 5,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was purchased at an average cost of $5.76 per share, with a total value of $28,800.00. Following the completion of the purchase, the director now owns 159,302 shares in the company, valued at approximately $917,579.52. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Zarrell Thomas Gray acquired 14,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 47,000 shares in the company, valued at approximately $298,920. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 51,000 shares of company stock worth $308,840 over the last quarter. Company insiders own 32.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HNRG. Pekin Hardy Strauss Inc. increased its holdings in shares of Hallador Energy by 87.7% during the third quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company’s stock valued at $1,329,000 after acquiring an additional 65,850 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in Hallador Energy in the 3rd quarter valued at $351,000. Empowered Funds LLC increased its stake in Hallador Energy by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 221,897 shares of the energy company’s stock valued at $2,092,000 after purchasing an additional 11,256 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Hallador Energy by 108.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 22,556 shares of the energy company’s stock worth $213,000 after acquiring an additional 11,750 shares in the last quarter. Finally, Net Worth Advisory Group bought a new position in shares of Hallador Energy in the third quarter valued at approximately $162,000. 61.38% of the stock is 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.