Wexford Capital LP Purchases New Shares in Hallador Energy (NASDAQ:HNRG)

Wexford Capital LP bought a new position in shares of Hallador Energy (NASDAQ:HNRG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 68,525 shares of the energy company's stock, valued at approximately $785,000. Wexford Capital LP owned about 0.16% of Hallador Energy at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC lifted its position in Hallador Energy by 272.9% during the 3rd quarter. Barclays PLC now owns 33,131 shares of the energy company's stock worth $312,000 after buying an additional 24,247 shares in the last quarter. Highland Peak Capital LLC acquired a new stake in shares of Hallador Energy in the fourth quarter valued at about $5,895,000. Raymond James Financial Inc. bought a new stake in Hallador Energy during the fourth quarter worth about $873,000. Russell Investments Group Ltd. boosted its position in Hallador Energy by 814.1% during the fourth quarter. Russell Investments Group Ltd. now owns 113,023 shares of the energy company's stock valued at $1,294,000 after purchasing an additional 100,658 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Hallador Energy by 22.6% in the fourth quarter. American Century Companies Inc. now owns 794,303 shares of the energy company's stock valued at $9,095,000 after purchasing an additional 146,450 shares in the last quarter. Institutional investors and hedge funds own 61.38% of the company's stock.

Hallador Energy Stock Performance

NASDAQ:HNRG traded down $1.37 on Friday, hitting $17.46. The company's stock had a trading volume of 1,884,516 shares, compared to its average volume of 605,533. Hallador Energy has a one year low of $4.86 and a one year high of $19.71. The firm has a market capitalization of $750.40 million, a P/E ratio of -31.75 and a beta of 0.42. The stock has a fifty day moving average of $14.24 and a two-hundred day moving average of $12.39. 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 - Get Free Report) last posted its earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.39. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The business had revenue of $117.79 million for the quarter, compared to analyst estimates of $98.70 million. Research analysts predict that Hallador Energy will post -0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

HNRG has been the topic of several recent analyst reports. Northland Securities began coverage on Hallador Energy in a research report on Monday. They set an "outperform" rating and a $23.00 price target on the stock. Wall Street Zen cut shares of Hallador Energy from a "buy" rating to a "hold" rating in a research note on Wednesday. B. Riley upped their price target on shares of Hallador Energy from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Finally, Northland Capmk upgraded shares of Hallador Energy to a "strong-buy" rating in a research note on Monday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $18.33.

Insiders Place Their Bets

In related news, Director David C. Hardie sold 97,837 shares of Hallador Energy stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $19.05, for a total transaction of $1,863,794.85. Following the completion of the sale, the director now owns 139,089 shares of the company's stock, valued at approximately $2,649,645.45. The trade was a 41.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 32.30% of the company's stock.

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.