Hallador Energy (NASDAQ:HNRG) Sees Large Increase in Short Interest

Hallador Energy (NASDAQ:HNRG) was the target of a large increase in short interest in 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 short-interest ratio is presently 4.3 days. Currently, 6.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nebula Research & Development LLC lifted its stake in shares of Hallador Energy by 3.0% in the 4th quarter. Nebula Research & Development LLC now owns 31,176 shares of the energy company’s stock worth $357,000 after purchasing an additional 906 shares during the period. Rhumbline Advisers lifted its stake in shares of Hallador Energy by 3.0% in the 4th quarter. Rhumbline Advisers now owns 36,672 shares of the energy company’s stock worth $420,000 after purchasing an additional 1,068 shares during the period. Legal & General Group Plc lifted its stake in shares of Hallador Energy by 23.5% in the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock worth $86,000 after purchasing an additional 1,435 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Hallador Energy by 17.0% in the 4th quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company’s stock worth $136,000 after purchasing an additional 1,729 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in shares of Hallador Energy by 15.4% in the 4th quarter. MetLife Investment Management LLC now owns 14,894 shares of the energy company’s stock worth $171,000 after purchasing an additional 1,990 shares during the period. Institutional investors own 61.38% of the company’s stock.

Analysts Set New Price Targets

Separately, Alliance Global Partners began coverage on shares of Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 target price on the stock.

Hallador Energy Stock Up 0.1 %

HNRG stock traded up $0.01 during midday trading on Wednesday, reaching $11.96. 362,031 shares of the company’s stock traded hands, compared to its average volume of 508,887. The company has a market cap of $509.61 million, a price-to-earnings ratio of -21.81 and a beta of 0.55. The firm’s fifty day moving average price is $10.98 and its 200-day moving average price is $10.51. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $14.00.

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

About Hallador Energy

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.