B. Riley Issues Positive Forecast for Hallador Energy (NASDAQ:HNRG) Stock Price

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

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

Hallador Energy Trading Up 1.9 %

Shares of HNRG opened at $13.38 on Wednesday. The firm’s fifty day moving average is $9.03 and its two-hundred day moving average is $7.74. The stock has a market cap of $569.99 million, a PE ratio of -24.36 and a beta of 0.62. 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 52-week low of $4.33 and a 52-week high of $13.57.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.14. The company had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.88%. During the same quarter in the prior year, the firm earned $0.47 EPS. Research analysts forecast that Hallador Energy will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director Zarrell Thomas Gray bought 14,000 shares of Hallador Energy stock in a transaction on Monday, August 26th. The shares were bought at an average price of $6.36 per share, for a total transaction of $89,040.00. Following the completion of the transaction, the director now directly 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles Ray Iv Wesley purchased 25,000 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $5.97 per share, with a total value of $149,250.00. Following the completion of the acquisition, the director now owns 184,302 shares in the company, valued at approximately $1,100,282.94. This trade represents a 15.69 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 46,000 shares of company stock worth $280,040 in the last ninety days. 32.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Hallador Energy

Several large investors have recently made changes to their positions in HNRG. Empyrean Capital Partners LP purchased a new stake in Hallador Energy in the second quarter valued at approximately $3,885,000. Taconic Capital Advisors LP purchased a new stake in shares of Hallador Energy in the 3rd quarter valued at $4,147,000. B. Riley Wealth Advisors Inc. lifted its stake in Hallador Energy by 3,171.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock worth $2,923,000 after acquiring an additional 364,750 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Hallador Energy during the 2nd quarter valued at about $2,197,000. Finally, ClariVest Asset Management LLC acquired a new position in Hallador Energy in the 2nd quarter valued at about $735,000. 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.