Hallador Energy (NASDAQ:HNRG) Given New $13.00 Price Target at B. Riley

Hallador Energy (NASDAQ:HNRG) had its price objective hoisted by B. Riley from $9.00 to $13.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the energy company’s stock.

Separately, StockNews.com lowered shares of Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th.

Hallador Energy Trading Up 25.6 %

NASDAQ HNRG opened at $13.13 on Wednesday. Hallador Energy has a one year low of $4.33 and a one year high of $13.57. The company has a 50-day simple moving average of $8.89 and a 200-day simple moving average of $7.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.16 and a current ratio of 0.53. The firm has a market capitalization of $559.34 million, a PE ratio of -21.31 and a beta of 0.62.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, beating 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 analyst estimates of $117.10 million. During the same period in the previous year, the business posted $0.47 EPS. On average, equities analysts forecast that Hallador Energy will post -0.41 earnings per share for the current year.

Insider Buying and Selling at Hallador Energy

In other news, Director Zarrell Thomas Gray bought 14,000 shares of Hallador Energy stock in a transaction on 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 purchase, the director now directly owns 47,000 shares of the company’s stock, valued at approximately $298,920. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Zarrell Thomas Gray purchased 14,000 shares of Hallador Energy stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $6.36 per share, with a total value of $89,040.00. Following the purchase, 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 Securities & Exchange Commission, which is available through this link. Also, Director Charles Ray Iv Wesley purchased 25,000 shares of Hallador Energy stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $5.97 per share, with a total value of $149,250.00. Following the completion of the purchase, the director now owns 184,302 shares in the company, valued at approximately $1,100,282.94. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 51,000 shares of company stock valued at $308,840 in the last ninety days. Company insiders own 32.30% of the company’s stock.

Institutional Trading of Hallador Energy

A number of institutional investors have recently made changes to their positions in HNRG. The Manufacturers Life Insurance Company acquired a new stake in shares of Hallador Energy in the 2nd quarter worth approximately $78,000. CWM LLC lifted 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 worth $78,000 after acquiring an additional 4,993 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of 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 acquiring an additional 4,132 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Hallador Energy in the 3rd quarter worth approximately $100,000. Finally, Net Worth Advisory Group bought a new stake in shares of Hallador Energy in the 3rd quarter worth 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.