FY2024 EPS Estimates for Hallador Energy Boosted by B. Riley

Hallador Energy (NASDAQ:HNRG) – Analysts at B. Riley boosted their FY2024 earnings estimates for Hallador Energy in a research note issued to investors on Wednesday, November 13th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings of ($0.31) per share for the year, up from their previous estimate of ($0.41). B. Riley currently has a “Buy” rating and a $13.00 target price on the stock. The consensus estimate for Hallador Energy’s current full-year earnings is ($0.31) per share. B. Riley also issued estimates for Hallador Energy’s Q4 2024 earnings at ($0.03) EPS, Q1 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.05 EPS, FY2025 earnings at $0.16 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.44 EPS and FY2026 earnings at $1.43 EPS.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.14. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. 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 company posted $0.47 EPS.

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

Hallador Energy Stock Performance

Shares of Hallador Energy stock opened at $12.75 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.16 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average price is $9.31 and its 200-day moving average price is $7.87. The firm has a market cap of $543.37 million, a P/E ratio of -23.36 and a beta of 0.62. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $13.57.

Insider Buying and Selling

In other news, Director Charles Ray Iv Wesley purchased 25,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $5.97 per share, with a total value of $149,250.00. Following the completion of the transaction, the director now owns 184,302 shares in the company, valued at $1,100,282.94. This represents a 15.69 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Zarrell Thomas Gray acquired 14,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average cost of $6.36 per share, for a total transaction 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 42.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 46,000 shares of company stock valued at $280,040 over the last 90 days. Corporate insiders own 32.30% of the company’s stock.

Institutional Investors Weigh In On Hallador Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in Hallador Energy in the second quarter worth $2,197,000. ClariVest Asset Management LLC purchased a new stake in shares of Hallador Energy during the 2nd quarter valued at $735,000. Empyrean Capital Partners LP acquired a new stake in shares of Hallador Energy in the 2nd quarter worth $3,885,000. B. Riley Wealth Advisors Inc. grew 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 buying an additional 364,750 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C acquired a new position in Hallador Energy during the 2nd quarter valued at about $318,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

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.