Insider Buying: Hallador Energy (NASDAQ:HNRG) Director Acquires 5,000 Shares of Stock

Hallador Energy (NASDAQ:HNRG) Director Charles Ray Iv Wesley bought 5,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $5.76 per share, with a total value of $28,800.00. Following the completion of the transaction, the director now owns 159,302 shares in the company, valued at approximately $917,579.52. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hallador Energy Stock Performance

Shares of HNRG stock opened at $5.96 on Tuesday. The company’s fifty day moving average price is $7.42 and its 200-day moving average price is $6.79. The stock has a market cap of $220.68 million, a PE ratio of 10.10 and a beta of 0.66. The company has a current ratio of 0.57, a quick ratio of 0.14 and a debt-to-equity ratio of 0.25. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $15.79.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Tuesday, August 6th. The energy company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.19). Hallador Energy had a return on equity of 8.49% and a net margin of 3.79%. The business had revenue of $90.91 million for the quarter, compared to the consensus estimate of $108.00 million. During the same period in the previous year, the firm earned $0.47 EPS. On average, equities analysts expect that Hallador Energy will post 0.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on HNRG. StockNews.com downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday. B. Riley upgraded Hallador Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $8.00 to $9.00 in a research note on Thursday, May 30th.

Institutional Trading of Hallador Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund raised its stake in Hallador Energy by 17.1% during the fourth quarter. New York State Common Retirement Fund now owns 48,213 shares of the energy company’s stock valued at $426,000 after buying an additional 7,027 shares during the last quarter. Semanteon Capital Management LP purchased a new position in shares of Hallador Energy in the 4th quarter worth about $212,000. Victory Capital Management Inc. purchased a new position in shares of Hallador Energy in the 4th quarter worth about $99,000. Teacher Retirement System of Texas bought a new position in Hallador Energy in the 4th quarter worth about $144,000. Finally, BNP Paribas Financial Markets grew its position in Hallador Energy by 264.1% during the 4th quarter. BNP Paribas Financial Markets now owns 76,823 shares of the energy company’s stock valued at $679,000 after purchasing an additional 55,724 shares during the last quarter. Hedge funds and other institutional investors own 61.38% of the company’s stock.

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.