How are energy investors positioned?
Gray Zarrell Thomas, a director at Hallador Energy Co (NASDAQ:HNRG), acquired 9,000 shares of the company's common stock, according to a recent SEC filing. The purchase, executed on April 10, 2025, was made at a price of $13.60 per share, totaling $122,400. The timing appears strategic, as HNRG shares have surged 21% in the past week and 162% over the last year, trading near their 52-week high of $14.00. Following this transaction, Thomas now holds 60,000 shares directly. Hallador Energy, based in Terre Haute, Indiana, operates in the electric services industry. With a market capitalization of $532 million and analysts setting a $15 price target, investors seeking deeper insights can access comprehensive analysis through InvestingPro, which offers exclusive financial health scores and 10+ additional ProTips for HNRG.
In other recent news, Hallador Energy Company reported its fourth-quarter 2024 earnings, revealing a revenue of $94.8 million, which fell short of the forecasted $107.8 million. The company also posted a net loss of $215.8 million, primarily due to a significant non-cash asset impairment. Despite these financial challenges, Hallador is undergoing a strategic transformation from a coal producer to an integrated power producer. The company's operating cash flow improved to $38.9 million, a notable increase from a negative $12.9 million in the previous quarter. Meanwhile, Hallador's total bank debt was reduced to $44 million, down from $91.5 million at the end of 2023.
In related developments, coal companies, including Hallador Energy, saw a surge in share prices following reports of upcoming executive orders by the Trump administration aimed at boosting the coal industry. These orders are expected to prioritize coal leasing on federal lands and encourage the use of coal for powering AI data centers. The Energy Information Administration noted that recent increases in natural gas production, along with solar and wind power growth, have reduced coal usage, but the new orders could potentially alter this trend. Investors are closely monitoring these developments and their impact on the coal sector.
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