Short Interest in Hallador Energy Company (NASDAQ:HNRG) Declines By 18.6%

Hallador Energy Company (NASDAQ:HNRG) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 2,025,059 shares, a drop of 18.6% from the February 26th total of 2,486,865 shares. Approximately 5.6% of the shares of the company are short sold. Based on an average daily volume of 771,750 shares, the short-interest ratio is currently 2.6 days.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HNRG shares. Northland Securities upped their price objective on Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday. Wall Street Zen lowered shares of Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. B. Riley Financial raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $27.00 in a report on Friday, March 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research report on Thursday, January 22nd. Finally, Zacks Research lowered shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $26.63.

Institutional Investors Weigh In On Hallador Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lubar & Co. Inc acquired a new stake in Hallador Energy in the fourth quarter worth approximately $103,806,000. American Century Companies Inc. raised its stake in shares of Hallador Energy by 10.6% in the 3rd quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock worth $23,188,000 after buying an additional 113,547 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Hallador Energy in the second quarter valued at $18,735,000. Apis Capital Advisors LLC lifted its holdings in shares of Hallador Energy by 7.0% in the fourth quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock valued at $17,403,000 after buying an additional 60,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Hallador Energy by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 913,202 shares of the energy company’s stock valued at $17,387,000 after buying an additional 40,245 shares in the last quarter. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Stock Performance

Shares of HNRG traded down $0.48 during trading hours on Monday, reaching $17.09. 331,454 shares of the company’s stock traded hands, compared to its average volume of 688,182. Hallador Energy has a twelve month low of $9.25 and a twelve month high of $24.70. The business’s fifty day simple moving average is $18.61 and its two-hundred day simple moving average is $19.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.23. The firm has a market capitalization of $803.57 million, a price-to-earnings ratio of 17.81 and a beta of 0.22.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Thursday, March 12th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm 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%. Analysts predict that Hallador Energy will post -0.31 earnings per share for the current year.

Hallador Energy Company Profile

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.