FY2024 EPS Estimates for Hallador Energy Reduced by Analyst

Hallador Energy (NASDAQ:HNRG - Free Report) - Analysts at B. Riley decreased their FY2024 EPS estimates for shares of Hallador Energy in a research note issued to investors on Tuesday, February 25th. B. Riley analyst N. Giles now anticipates that the energy company will post earnings per share of ($0.46) for the year, down from their prior forecast of ($0.31). B. Riley has a "Buy" rating and a $13.00 price target 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 ($0.18) EPS, FY2025 earnings at ($0.71) EPS and FY2026 earnings at $0.67 EPS.

Separately, Alliance Global Partners started coverage on shares of Hallador Energy in a research report on Monday, December 9th. They set a "buy" rating and a $17.00 price target for the company.

Hallador Energy Stock Up 0.7 %

NASDAQ HNRG traded up $0.07 during trading hours on Thursday, reaching $9.66. 368,220 shares of the company's stock traded hands, compared to its average volume of 472,493. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $14.00. The firm has a market cap of $411.68 million, a PE ratio of -17.56 and a beta of 0.66. The firm has a 50-day simple moving average of $11.36 and a 200 day simple moving average of $10.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17.

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Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 18,775 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $13.02, for a total transaction of $244,450.50. Following the completion of the sale, the director now directly owns 2,022,713 shares in the company, valued at approximately $26,335,723.26. This trade represents a 0.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 32.30% of the stock is owned by company insiders.

Institutional Trading of Hallador Energy

A number of institutional investors and hedge funds have recently bought and sold shares of HNRG. Point72 Asset Management L.P. increased its stake in Hallador Energy by 4,460.2% during the 4th quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company's stock valued at $12,566,000 after purchasing an additional 1,073,433 shares in the last quarter. Empyrean Capital Partners LP increased its stake in Hallador Energy by 71.0% during the 4th quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company's stock valued at $15,171,000 after purchasing an additional 550,000 shares in the last quarter. Highland Peak Capital LLC bought a new stake in Hallador Energy during the 4th quarter valued at about $5,895,000. Apis Capital Advisors LLC grew its stake in shares of Hallador Energy by 106.9% in the fourth quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company's stock worth $10,282,000 after acquiring an additional 464,000 shares during the period. Finally, Taconic Capital Advisors LP bought a new stake in shares of Hallador Energy in the third quarter worth approximately $4,147,000. 61.38% of the stock is currently owned by institutional investors.

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.