Hallador Energy Company (NASDAQ:HNRG) Short Interest Update

Hallador Energy Company (NASDAQ:HNRG) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 2,025,059 shares, a decrease of 18.6% from the February 26th total of 2,486,865 shares. Based on an average trading volume of 771,750 shares, the days-to-cover ratio is presently 2.6 days. Currently, 5.6% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

HNRG has been the subject of several recent research reports. Northland Securities increased their price objective on Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. Wall Street Zen lowered Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a report on Thursday, January 22nd. Finally, Zacks Research cut Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.63.

Hallador Energy Stock Down 3.1%

Shares of HNRG traded down $0.52 during mid-day trading on Tuesday, hitting $16.28. 1,223,684 shares of the company’s stock were exchanged, compared to its average volume of 703,429. The stock has a market cap of $765.49 million, a price-to-earnings ratio of 16.96 and a beta of 0.22. The firm has a fifty day moving average of $18.47 and a two-hundred day moving average of $19.44. The company has a quick ratio of 0.23, a current ratio of 0.81 and a debt-to-equity ratio of 0.19. Hallador Energy has a twelve month low of $9.25 and a twelve month high of $24.70.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Thursday, March 12th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $101.94 million during the quarter, compared to analyst estimates of $105.48 million. Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%. On average, sell-side analysts forecast that Hallador Energy will post -0.31 earnings per share for the current year.

Institutional Trading of Hallador Energy

Several large investors have recently made changes to their positions in HNRG. Royal Bank of Canada increased its holdings in shares of Hallador Energy by 92.5% during the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 679 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Hallador Energy in the 3rd quarter worth approximately $32,000. Raymond James Financial Inc. bought a new stake in Hallador Energy during the second quarter worth approximately $27,000. EverSource Wealth Advisors LLC boosted its position in Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,111 shares during the period. Finally, USA Financial Formulas acquired a new position in Hallador Energy during the fourth quarter valued at approximately $42,000. Institutional investors own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.