FY2024 EPS Estimates for Hallador Energy Reduced by B. Riley

Hallador Energy (NASDAQ:HNRG) – Investment analysts at B. Riley decreased their FY2024 earnings per share estimates for shares of Hallador Energy in a research report issued on Tuesday, February 25th. B. Riley analyst N. Giles now forecasts that the energy company will post earnings of ($0.46) per share for the year, down from their prior estimate 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 began coverage on Hallador Energy in a report on Monday, December 9th. They issued a “buy” rating and a $17.00 price target on the stock.

Hallador Energy Stock Up 0.7 %

NASDAQ HNRG opened at $9.66 on Thursday. The stock’s 50 day moving average is $11.36 and its 200 day moving average is $10.15. 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 12 month low of $4.33 and a 12 month high of $14.00. The stock has a market cap of $411.68 million, a PE ratio of -17.56 and a beta of 0.66.

Institutional Trading of Hallador Energy

A number of large investors have recently added to or reduced their stakes in HNRG. Point72 Asset Management L.P. increased its stake in Hallador Energy by 4,460.2% in the 4th quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock worth $12,566,000 after acquiring an additional 1,073,433 shares during the last quarter. Empyrean Capital Partners LP increased its stake in Hallador Energy by 71.0% in the 4th quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company’s stock worth $15,171,000 after acquiring an additional 550,000 shares during the last quarter. Highland Peak Capital LLC bought a new stake in Hallador Energy in the 4th quarter worth approximately $5,895,000. Apis Capital Advisors LLC increased its stake in Hallador Energy by 106.9% in the 4th 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 last quarter. Finally, Taconic Capital Advisors LP bought a new stake in Hallador Energy in the 3rd quarter worth approximately $4,147,000. Institutional investors own 61.38% of the company’s stock.

Insider Buying and Selling

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

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.