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

Hallador Energy Company (NASDAQ:HNRG) saw a significant drop in short interest in 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. Based on an average daily volume of 771,750 shares, the days-to-cover ratio is presently 2.6 days. Currently, 5.6% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HNRG shares. B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $23.00 to $27.00 in a research report on Friday, March 13th. Zacks Research cut Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research report on Thursday, January 22nd. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Finally, Northland Securities raised their price target on Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.63.

Hallador Energy Price Performance

Shares of NASDAQ:HNRG traded down $0.38 during trading on Wednesday, reaching $15.90. The company had a trading volume of 437,720 shares, compared to its average volume of 698,967. The firm’s fifty day moving average is $18.47 and its 200 day moving average is $19.44. The firm has a market capitalization of $747.67 million, a PE ratio of 16.67 and a beta of 0.22. Hallador Energy has a twelve month low of $9.25 and a twelve month high of $24.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.23 and a current ratio of 0.81.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Thursday, March 12th. The energy company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%. The business had revenue of $101.94 million for the quarter, compared to analyst estimates of $105.48 million. On average, equities analysts forecast that Hallador Energy will post -0.31 EPS for the current year.

Hedge Funds Weigh In On Hallador Energy

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of Hallador Energy by 92.5% in the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after buying an additional 679 shares during the period. State of Alaska Department of Revenue acquired a new position in Hallador Energy during the third quarter worth about $32,000. Raymond James Financial Inc. acquired a new position in Hallador Energy during the second quarter worth about $27,000. EverSource Wealth Advisors LLC raised its position in Hallador Energy by 11,110.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after acquiring an additional 2,111 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in Hallador Energy in the fourth quarter worth about $42,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

About Hallador Energy

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.