Hallador Energy (NASDAQ:HNRG – Get Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 974,800 shares, a growth of 16.2% from the May 31st total of 838,600 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average daily trading volume, of 497,700 shares, the short-interest ratio is presently 2.0 days.
Hallador Energy Stock Down 3.3 %
Shares of Hallador Energy stock opened at $7.98 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.14 and a debt-to-equity ratio of 0.25. The business’s 50 day simple moving average is $6.88 and its 200-day simple moving average is $7.16. The stock has a market capitalization of $295.50 million, a price-to-earnings ratio of 13.53 and a beta of 0.66. Hallador Energy has a twelve month low of $4.33 and a twelve month high of $15.79.
Hallador Energy (NASDAQ:HNRG – Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The energy company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.15. The business had revenue of $109.67 million for the quarter, compared to analysts’ expectations of $122.40 million. Hallador Energy had a return on equity of 8.49% and a net margin of 3.79%. Equities research analysts forecast that Hallador Energy will post 0.36 earnings per share for the current year.
Institutional Trading of Hallador Energy
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on HNRG shares. StockNews.com raised Hallador Energy from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. TheStreet cut Hallador Energy from a “b-” rating to a “c” rating in a research note on Wednesday, March 20th. Finally, B. Riley upgraded Hallador Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $8.00 to $9.00 in a research note on Thursday, May 30th.
Read Our Latest Report on HNRG
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.
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