Short Interest in Hallador Energy (NASDAQ:HNRG) Expands By 10.7%

Hallador Energy (NASDAQ:HNRG - Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,650,000 shares, a growth of 10.7% from the November 30th total of 1,490,000 shares. Currently, 5.9% of the company's stock are sold short. Based on an average daily volume of 554,400 shares, the short-interest ratio is presently 3.0 days.

Analysts Set New Price Targets

HNRG has been the subject of several recent research reports. Alliance Global Partners began coverage on Hallador Energy in a report on Monday, December 9th. They set a "buy" rating and a $17.00 target price for the company. B. Riley upped their price objective on Hallador Energy from $9.00 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th.

Insider Transactions at Hallador Energy

In other news, Director David C. Hardie sold 44,699 shares of Hallador Energy stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $12.88, for a total value of $575,723.12. Following the completion of the transaction, the director now directly owns 2,130,423 shares of the company's stock, valued at approximately $27,439,848.24. The trade was a 2.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 104,524 shares of company stock valued at $1,356,743. Insiders own 32.30% of the company's stock.

Institutional Investors Weigh In On Hallador Energy

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

Hallador Energy Stock Performance

Shares of NASDAQ HNRG traded up $0.19 during midday trading on Wednesday, hitting $11.45. 304,059 shares of the company's stock were exchanged, compared to its average volume of 472,240. Hallador Energy has a twelve month low of $4.33 and a twelve month high of $14.00. The firm has a market cap of $487.96 million, a P/E ratio of -20.82 and a beta of 0.68. The stock's 50 day moving average price is $11.60 and its 200-day moving average price is $9.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued 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 company had revenue of $105.04 million for the quarter, compared to analyst estimates 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 period last year, the company earned $0.47 earnings per share. Equities research analysts anticipate that Hallador Energy will post -0.31 EPS for the current year.

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.