Hallador Energy (NASDAQ:HNRG) Short Interest Update

Hallador Energy (NASDAQ:HNRG) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,530,000 shares, a growth of 14.2% from the October 31st total of 1,340,000 shares. Currently, 5.4% of the shares of the company are short sold. Based on an average daily volume of 541,400 shares, the short-interest ratio is currently 2.8 days.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $5.97 per share, for a total transaction of $149,250.00. Following the purchase, the director now owns 184,302 shares in the company, valued at approximately $1,100,282.94. The trade was a 15.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David C. Hardie sold 44,699 shares of Hallador Energy stock in a transaction on Friday, November 15th. The stock was sold at an average price of $12.88, for a total transaction of $575,723.12. Following the transaction, the director now directly owns 2,130,423 shares of the company’s stock, valued at approximately $27,439,848.24. This trade represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,196 shares of company stock worth $1,079,078. Insiders own 32.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new position in shares of Hallador Energy in the 2nd quarter valued at $78,000. CWM LLC boosted its stake in Hallador Energy by 154.4% in the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after buying an additional 4,993 shares in the last quarter. Quantinno Capital Management LP bought a new position in Hallador Energy in the third quarter valued at about $96,000. Exchange Traded Concepts LLC raised its stake in Hallador Energy by 66.4% during the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after acquiring an additional 4,132 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Hallador Energy in the 3rd quarter valued at approximately $100,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HNRG has been the subject of several research reports. StockNews.com cut Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th. B. Riley upped their price target on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Hallador Energy Stock Down 0.6 %

Shares of HNRG stock traded down $0.07 during trading on Tuesday, hitting $11.99. The company had a trading volume of 68,225 shares, compared to its average volume of 481,272. The stock’s 50-day moving average price is $10.66 and its 200 day moving average price is $8.40. Hallador Energy has a one year low of $4.33 and a one year high of $14.00. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.14. The business had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Analysts forecast that Hallador Energy will post -0.31 EPS 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.