FY2024 EPS Estimates for Hallador Energy Raised by B. Riley

Hallador Energy (NASDAQ:HNRG) – Investment analysts at B. Riley upped their FY2024 earnings per share estimates for shares of Hallador Energy in a research report issued 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 prior estimate of ($0.41). 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 ($0.03) 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.

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

Hallador Energy Stock Performance

Shares of NASDAQ HNRG opened at $12.75 on Monday. The firm’s fifty day moving average is $9.31 and its two-hundred day moving average is $7.87. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $13.57. The company has a market cap of $543.37 million, a P/E ratio of -23.36 and a beta of 0.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.16 and a current ratio of 0.58.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.14. The firm had revenue of $105.04 million for 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 6.71%. During the same quarter in the previous year, the firm earned $0.47 earnings per share.

Institutional Trading of Hallador Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new position in Hallador Energy during the second quarter worth $2,197,000. ClariVest Asset Management LLC bought a new stake in shares of Hallador Energy in the 2nd quarter worth about $735,000. Empyrean Capital Partners LP purchased a new position in shares of Hallador Energy during the 2nd quarter worth about $3,885,000. B. Riley Wealth Advisors Inc. grew its holdings 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 valued at $2,923,000 after purchasing an additional 364,750 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new stake in Hallador Energy in the 2nd quarter worth about $318,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Zarrell Thomas Gray acquired 14,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were acquired at an average cost 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 in the company, valued at approximately $298,920. This trade represents a 42.42 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles Ray Iv Wesley acquired 25,000 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $5.97 per share, with a total value of $149,250.00. Following the completion of the purchase, the director now directly owns 184,302 shares in the company, valued at approximately $1,100,282.94. The trade was a 15.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 46,000 shares of company stock worth $280,040. Insiders own 32.30% 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.