Hallador Energy (NASDAQ:HNRG) Short Interest Update

Hallador Energy (NASDAQ:HNRG) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,840,000 shares, an increase of 17.9% from the February 13th total of 1,560,000 shares. Based on an average daily trading volume, of 432,200 shares, the days-to-cover ratio is currently 4.3 days. Approximately 6.6% of the shares of the stock are short sold.

Hallador Energy Price Performance

HNRG stock opened at $12.58 on Friday. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $14.00. The stock’s fifty day simple moving average is $10.98 and its 200-day simple moving average is $10.53. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $536.12 million, a price-to-earnings ratio of -22.87 and a beta of 0.55.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Monday, March 17th. The energy company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $94.80 million for the quarter, compared to analyst estimates of $102.46 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. Equities research analysts expect that Hallador Energy will post -0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

HNRG has been the topic of several analyst reports. Alliance Global Partners initiated coverage on Hallador Energy in a report on Monday, December 9th. They set a “buy” rating and a $17.00 price objective on the stock. StockNews.com upgraded Hallador Energy to a “sell” rating in a report on Friday.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HNRG. Point72 Asset Management L.P. raised its position in shares of Hallador Energy by 4,460.2% in the 4th quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock worth $12,566,000 after buying an additional 1,073,433 shares during the period. Empyrean Capital Partners LP raised its position in shares of Hallador Energy by 71.0% in the 4th quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company’s stock worth $15,171,000 after buying an additional 550,000 shares during the period. Highland Peak Capital LLC purchased a new position in shares of Hallador Energy in the 4th quarter worth $5,895,000. Apis Capital Advisors LLC raised its position in Hallador Energy by 106.9% in the fourth quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company’s stock valued at $10,282,000 after purchasing an additional 464,000 shares during the period. Finally, Taconic Capital Advisors LP purchased a new position in Hallador Energy in the third quarter valued at about $4,147,000. 61.38% of the stock is owned by hedge funds and other 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.