Hallador Energy (NASDAQ:HNRG) Director Charles Ray Iv Wesley Buys 25,000 Shares

Hallador Energy (NASDAQ:HNRG) Director Charles Ray Iv Wesley acquired 25,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $5.97 per share, with a total value of $149,250.00. Following the acquisition, the director now directly owns 184,302 shares in the company, valued at $1,100,282.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Charles Ray Iv Wesley also recently made the following trade(s):

• On Friday, August 16th, Charles Ray Iv Wesley acquired 5,000 shares of Hallador Energy stock. The shares were bought at an average cost of $5.76 per share, with a total value of $28,800.00.

Hallador Energy Stock Up 0.6 %

Shares of NASDAQ:HNRG opened at $6.44 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.16 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 $15.79. The company has a 50-day moving average price of $6.89 and a 200 day moving average price of $6.62. The company has a market cap of $238.45 million, a price-to-earnings ratio of 10.92 and a beta of 0.59.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.19). Hallador Energy had a negative net margin of 1.25% and a negative return on equity of 1.48%. The business had revenue of $90.91 million during the quarter, compared to the consensus estimate of $108.00 million. During the same period in the previous year, the business posted $0.47 EPS. As a group, equities research analysts predict that Hallador Energy will post -0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new stake in Hallador Energy in the 2nd quarter worth about $78,000. Norden Group LLC purchased a new stake in Hallador Energy in the 1st quarter worth about $55,000. Victory Capital Management Inc. purchased a new stake in Hallador Energy in the 4th quarter worth about $99,000. Privium Fund Management UK Ltd purchased a new stake in Hallador Energy in the 1st quarter worth about $64,000. Finally, Principal Financial Group Inc. purchased a new stake in Hallador Energy in the 1st quarter worth about $71,000. Institutional investors own 61.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. B. Riley raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $8.00 to $9.00 in a report on Thursday, May 30th. StockNews.com downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th.

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.