Hallador Energy FY2024 EPS Forecast Increased by B. Riley

Hallador Energy (NASDAQ:HNRG) – Analysts at B. Riley raised their FY2024 earnings estimates for Hallador Energy in a research report issued on Wednesday, November 13th. B. Riley analyst L. Pipes now expects that the energy company will post earnings per share of ($0.31) for the year, up from their prior forecast 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 announced 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 last year, the firm posted $0.47 EPS.

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

Hallador Energy Trading Down 4.0 %

Shares of NASDAQ:HNRG opened at $12.85 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.16 and a current ratio of 0.58. The stock’s 50-day moving average is $9.31 and its 200-day moving average is $7.85. The company has a market cap of $547.63 million, a P/E ratio of -23.36 and a beta of 0.62. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $13.57.

Insider Buying and Selling at Hallador Energy

In other news, Director Charles Ray Iv Wesley purchased 25,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the completion of the purchase, the director now directly owns 184,302 shares of the company’s stock, valued at approximately $1,100,282.94. The trade was a 15.69 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Zarrell Thomas Gray acquired 14,000 shares of Hallador Energy stock in a transaction on Monday, August 26th. The stock was purchased at an average price of $6.36 per share, with a total value of $89,040.00. Following 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 disclosure for this purchase can be found here. Insiders purchased a total of 46,000 shares of company stock valued at $280,040 in the last ninety days. Company insiders own 32.30% of the company’s stock.

Institutional Investors Weigh In On Hallador Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Hallador Energy by 4.2% in the third quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company’s stock valued at $6,346,000 after acquiring an additional 27,093 shares during the period. American Century Companies Inc. boosted its holdings in Hallador Energy by 7.6% during the second quarter. American Century Companies Inc. now owns 555,879 shares of the energy company’s stock valued at $4,319,000 after purchasing an additional 39,032 shares in the last quarter. State Street Corp grew its stake in shares of Hallador Energy by 1.5% in the 3rd quarter. State Street Corp now owns 525,123 shares of the energy company’s stock valued at $4,952,000 after purchasing an additional 7,764 shares during the period. Empyrean Capital Partners LP acquired a new position in shares of Hallador Energy in the 2nd quarter worth approximately $3,885,000. Finally, Taconic Capital Advisors LP bought a new position in shares of Hallador Energy during the 3rd quarter worth approximately $4,147,000. Institutional investors own 61.38% of the company’s stock.

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.