Hallador Energy (NASDAQ:HNRG) Sees Significant Growth in Short Interest

Hallador Energy (NASDAQ:HNRG) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 1,100,000 shares, an increase of 11.2% from the July 31st total of 989,000 shares. Based on an average daily volume of 609,500 shares, the days-to-cover ratio is currently 1.8 days. Approximately 4.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. B. Riley upgraded Hallador Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $8.00 to $9.00 in a report on Thursday, May 30th. StockNews.com cut Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th.

Hallador Energy Stock Down 3.6 %

NASDAQ HNRG traded down $0.24 on Tuesday, reaching $6.47. The company had a trading volume of 202,171 shares, compared to its average volume of 460,036. The company’s fifty day moving average is $7.19 and its 200-day moving average is $6.71. The firm has a market capitalization of $239.56 million, a price-to-earnings ratio of 11.37 and a beta of 0.66. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.16 and a current ratio of 0.53. Hallador Energy has a 1-year low of $4.33 and a 1-year high of $15.79.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Tuesday, August 6th. The energy company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.19). The firm had revenue of $90.91 million during the quarter, compared to the consensus estimate of $108.00 million. Hallador Energy had a negative net margin of 1.25% and a negative return on equity of 1.48%. During the same quarter last year, the firm earned $0.47 earnings per share. On average, research analysts forecast that Hallador Energy will post -0.41 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Zarrell Thomas Gray acquired 14,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of $6.36 per share, with a total value of $89,040.00. Following the completion of the purchase, the director now directly owns 47,000 shares in the company, valued at $298,920. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Zarrell Thomas Gray purchased 14,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 47,000 shares of the company’s stock, valued at approximately $298,920. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles Ray Iv Wesley acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average price of $5.76 per share, with a total value of $28,800.00. Following the acquisition, the director now owns 159,302 shares of the company’s stock, valued at approximately $917,579.52. The disclosure for this purchase can be found here. Insiders have purchased a total of 38,000 shares of company stock valued at $229,340 in the last 90 days. 32.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hallador Energy

Several hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund boosted its holdings in Hallador Energy by 17.1% during the fourth quarter. New York State Common Retirement Fund now owns 48,213 shares of the energy company’s stock worth $426,000 after purchasing an additional 7,027 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Hallador Energy during the 4th quarter worth about $99,000. Teacher Retirement System of Texas bought a new position in shares of Hallador Energy in the 4th quarter valued at about $144,000. BNP Paribas Financial Markets increased its position in shares of Hallador Energy by 264.1% in the fourth quarter. BNP Paribas Financial Markets now owns 76,823 shares of the energy company’s stock valued at $679,000 after acquiring an additional 55,724 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in Hallador Energy during the fourth quarter worth about $594,000. 61.38% of the stock is owned by institutional investors.

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.