HNRGUtilities · Utilities - Independent Power ProducersThe 3 Wall Street analysts covering Hallador Energy Co. hold a median 12-month price target of $28 — +191.4% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 20 of 100 as at 4 Nov 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.
Consensus tells you what everyone already believes. The model scores Hallador Energy Co. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Quality (62): The business earns solid, repeatable profits on what it owns.
Volatility (4): The share price moves around a lot.
Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.
The bullish and bearish analyst opinions on HNRG, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +191.4% from it.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 26 Mar 2026 | Northland Capital Markets | Maintains | Outperform | $29 → $34 |
| 24 Mar 2026 | Jefferies | Initiates | Hold | $18 |
| 13 Mar 2026 | B. Riley Securities | Upgrade | Buy | — |
| 25 Sept 2025 | Texas Capital Securities | Initiates | Buy | — |
| 13 Aug 2025 | B. Riley Securities | Downgrade | Neutral | — |
| 19 May 2025 | Northland Capital Markets | Initiates | Outperform | — |
| 1 Apr 2025 | B. Riley Securities | Maintains | Buy | — |
| 9 Dec 2024 | Alliance Global Partners | Initiates | Buy | — |
| 13 Nov 2024 | B. Riley Securities | Maintains | Buy | — |
| 30 May 2024 | B. Riley Securities | Upgrade | Buy | — |
| 30 Aug 2023 | B. Riley Securities | Maintains | Neutral | — |
| 17 Jan 2023 | B. Riley Securities | Downgrade | Neutral | — |
| 25 Mar 2020 | B. Riley FBR | Maintains | Buy | — |
| 24 Mar 2020 | B. Riley FBR | Maintains | Buy | — |
| 24 Mar 2020 | B. Riley Securities | Maintains | Buy | — |
| 5 May 2018 | B. Riley FBR | Maintains | Buy | — |
| 8 Nov 2017 | B. Riley FBR | Maintains | Buy | — |
| 8 Nov 2017 | B. Riley Securities | Maintains | Buy | — |
| 18 Sept 2015 | FBR Capital | Initiates | Outperform | — |
| 29 July 2015 | BB&T Capital | Downgrade | Hold | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
The model tests each one against its peers. 10 pass every test this week.
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 4 Nov 2026, Hallador Energy Co. returned −52.8% against +14.8% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 1% of US stocks
Cheaper than 66% of US stocks
Cheaper than 34% of US stocks
Cheaper than 41% of US stocks
Higher than 25% of US stocks
Higher than 35% of US stocks
Higher than 46% of US stocks
Higher than 24% of US stocks
Higher than 30% of US stocks
Higher than 43% of US stocks
Higher than 59% of US stocks
Higher than 75% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Hallador Energy Co. has a market value of $501.6M and an enterprise value of $520.3M.
Revenue in the twelve months to 30 June 2026: $452.1M. The latest quarter shrank 1.3% year on year.
Net income over the same four quarters: −$912K, a −0.2% net margin.
Free cash flow in the twelve months to 30 June 2026: −$50.5M, after $78.4M of capital spending.
Trailing P/E: 532.0×; forward P/E: 49.1× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 1.50%, paying out 0% of earnings.
Hallador Energy Co. employs 633 people — $714K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
| Company | Market cap | TKN rank |
|---|---|---|
| HNRGHallador Energy Co. | $501.6M | 20 |
| ONENONE Nuclear Energy, Inc. | $157.0M | 33 |
| KENKenon Holdings Ltd. | $3.3B | 21 |
| OKLOOklo, Inc. | $4.1B | 1 |
| GNEGenie Energy Ltd.* | $449.8M | 92 |
| CWCOConsolidated Water Co. Ltd.* | $436.4M | 79 |
| YORWThe York Water Co.* | $515.2M | 63 |
* Nearest Utilities names by size — few utilities - independent power producers companies of this scale trade in the US universe.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Hallador Energy Co. — and when they’d sell — is the membership. See the Ticker Nerd 20 →
A Zacks Investment Research earnings preview says Hallador Energy lacks the two key ingredients associated with a likely earnings beat in its upcoming Q3 report. The headline says Q3 earnings are expected to decline.
Why it matters — HNRG watchers may note the preview’s expectation of declining earnings ahead of the company’s Q3 report.
Hallador Energy will hold a conference call on November 9, 2026, at 5:00 p.m. ET, to discuss its third-quarter results for the period ended September 30. The company said it will release its results before the call.
Why it matters — The announcement gives HNRG watchers the timing of the company's third-quarter results and related conference call.
Hallador Power executed six-year capacity and energy agreements with an investment-grade MISO Zone 6 utility for deliveries from the Merom Generating Station from June 1, 2029, through May 31, 2035. The agreements are effective upon signing and require no regulatory approval.
Why it matters — The agreements set out a multi-year commitment for capacity and energy deliveries from Hallador’s Merom Generating Station.
Hallador Energy announced it closed a $600 million senior secured term loan facility on September 15, 2026, part of up to $675 million in debt financing to fund the Turtle Creek gas project. The facilities are expected to fund the majority of the project's estimated cost, which is below $800 million.
Why it matters — The financing provides a credible funding pathway for the Turtle Creek project, which is a significant capital undertaking for Hallador.
Seeking Alpha published the transcript of Hallador Energy Company's (HNRG) Q2 2026 earnings call. The item presents the company's quarterly earnings call transcript for review.
Why it matters — A HNRG watcher would care because the transcript provides direct access to management's discussion of the company's second-quarter 2026 results.
The 3 Wall Street analysts covering Hallador Energy Co. have a median 12-month price target of $28, with estimates ranging from $27 to $29. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 3 analysts covering Hallador Energy Co., 3 rate it a Buy, 0 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Hallador Energy Co. 20 out of 100 across roughly 4,600 US stocks as at 4 Nov 2026. None of this is personal advice — it does not consider your circumstances.
As at 4 Nov 2026, Hallador Energy Co. ranks 20 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Quality (62 of 100).
No one can know that. What the data says: the median 12-month target from 3 analysts implies +191.4% from the last close, and Ticker Nerd's factor model ranks Hallador Energy Co. 20 out of 100 as at 4 Nov 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Hallador Energy Co. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for HNRG are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $27 to $29 over the next 12 months.
Hallador Energy Co. returned -52.8% over the 12 months to 4 Nov 2026, with dividends reinvested. Past performance does not indicate future returns.
Hallador Energy Co. is a vertically integrated independent power producer and fuel company based in Terre Haute, Indiana.
The most recent item we track (Zacks Investment Research, 2 Nov 2026): "Earnings Preview: Hallador Energy (HNRG) Q3 Earnings Expected to Decline". A Zacks Investment Research earnings preview says Hallador Energy lacks the two key ingredients associated with a likely earnings beat in its upcoming Q3 report. The headline says Q3 earnings are expected to decline.
Hallador Energy Co. is a vertically integrated independent power producer and fuel company based in Terre Haute, Indiana. Its current business is centered on two core segments: coal operations and electric operations. Through Sunrise Coal, the company produces bituminous coal from underground and surface mines in Indiana to supply power generators and other industrial customers. Through Hallador Power, it operates the Merom Generating Station, providing electricity and capacity to utilities and other market participants within the Midcontinent Independent System Operator footprint. Hallador Energy Co. serves the wholesale energy market with products tied to both fuel supply and power generation, positioning it as a combined coal-and-power business in the U.S. energy sector.
CEO Mr. Brent K. Bilsland · 633 employees · United States · https://www.halladorenergy.com
