Barclays PLC Boosts Stock Position in Hallador Energy (NASDAQ:HNRG)

Barclays PLC boosted its position in shares of Hallador Energy (NASDAQ:HNRG) by 272.9% in the third quarter, HoldingsChannel.com reports. The fund owned 33,131 shares of the energy company’s stock after purchasing an additional 24,247 shares during the period. Barclays PLC’s holdings in Hallador Energy were worth $312,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of Hallador Energy by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company’s stock worth $1,427,000 after purchasing an additional 3,017 shares in the last quarter. Rhumbline Advisers boosted its position in Hallador Energy by 16.1% in the 2nd quarter. Rhumbline Advisers now owns 37,757 shares of the energy company’s stock valued at $293,000 after buying an additional 5,241 shares during the period. ClariVest Asset Management LLC acquired a new position in shares of Hallador Energy in the second quarter worth $735,000. American Century Companies Inc. increased its position in shares of Hallador Energy by 7.6% during the second quarter. American Century Companies Inc. now owns 555,879 shares of the energy company’s stock worth $4,319,000 after acquiring an additional 39,032 shares during the period. Finally, Pekin Hardy Strauss Inc. acquired a new stake in shares of Hallador Energy in the second quarter valued at $584,000. 61.38% of the stock is owned by institutional investors and hedge funds.

Hallador Energy Stock Up 0.4 %

Shares of NASDAQ HNRG opened at $11.74 on Friday. Hallador Energy has a 1 year low of $4.33 and a 1 year high of $14.00. The company has a market capitalization of $500.32 million, a price-to-earnings ratio of -21.35 and a beta of 0.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The business has a 50-day moving average of $11.67 and a two-hundred day moving average of $9.09.

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

Insider Activity at Hallador Energy

In related news, Director David C. Hardie sold 23,604 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $13.11, for a total value of $309,448.44. Following the completion of the sale, the director now directly owns 2,106,819 shares of the company’s stock, valued at $27,620,397.09. This represents a 1.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 104,524 shares of company stock valued at $1,356,743 in the last ninety days. Insiders own 32.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.