FY2024 EPS Estimates for Hallador Energy Lowered by Analyst

Hallador Energy (NASDAQ:HNRG) – Equities research analysts at B. Riley reduced their FY2024 earnings per share (EPS) estimates for shares of Hallador Energy in a report issued on Tuesday, February 25th. B. Riley analyst N. Giles now forecasts that the energy company will earn ($0.46) per share for the year, down from their prior forecast of ($0.31). B. Riley has a “Buy” rating and a $13.00 price objective 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 assumed coverage on shares of Hallador Energy in a research note on Monday, December 9th. They set a “buy” rating and a $17.00 price target on the stock.

Hallador Energy Trading Up 1.9 %

NASDAQ HNRG opened at $9.85 on Thursday. The stock has a market cap of $419.78 million, a P/E ratio of -17.91 and a beta of 0.66. The company’s fifty day simple moving average is $11.41 and its 200-day simple moving average is $10.12. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $14.00.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors have recently modified their holdings of the stock. Legal & General Group Plc grew its stake in Hallador Energy by 23.5% in the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock worth $86,000 after purchasing an additional 1,435 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Hallador Energy in the 3rd quarter worth approximately $96,000. XTX Topco Ltd acquired a new position in shares of Hallador Energy in the 4th quarter worth approximately $121,000. Janus Henderson Group PLC bought a new stake in shares of Hallador Energy in the 3rd quarter valued at approximately $119,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Hallador Energy during the 4th quarter valued at approximately $156,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

Insiders Place Their Bets

In other Hallador Energy news, Director David C. Hardie sold 18,775 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.02, for a total transaction of $244,450.50. Following the transaction, the director now directly owns 2,022,713 shares in the company, valued at $26,335,723.26. This represents a 0.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 32.30% of the stock is owned by company insiders.

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.