5 Cheap Coal Stocks to Buy Now

2. Hallador Energy Company (NASDAQ:HNRG)

Number of Hedge Fund Holders: 8  

Share Price as of August 17: $6.47  

Hallador Energy Company (NASDAQ:HNRG) engages in the production of steam coal. The company owns and runs the Oaktown Mine 1 and Oaktown Mine 2 underground mines. These are located in Indiana. It also operates Ace in the Hole, another mine in the same state. Apart from coal, the firm has been involved in gas exploration activities as well. The company was founded in 1949. In early July, the firm raised the 2023 EBITDA guidance to $160 million in light of new contracts. 

Hallador Energy Company (NASDAQ:HNRG) posted earnings for the second quarter of 2022 on August 15, reporting a revenue of more than $65 million, up over 18% compared to the revenue over the same period last year. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm CastleKnight Management is a leading shareholder in Hallador Energy Company (NASDAQ:HNRG), with 935,625 shares worth more than $3.7 million. 

At the end of the first quarter of 2022, 8 hedge funds in the database of Insider Monkey held stakes worth $8.3 million in Hallador Energy Company (NASDAQ:HNRG), compared to 9 in the previous quarter worth $5.8 million.