Raymond James Financial Inc. Acquires New Stake in Hallador Energy (NASDAQ:HNRG)

Raymond James Financial Inc. bought a new position in Hallador Energy (NASDAQ:HNRG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 76,254 shares of the energy company’s stock, valued at approximately $873,000. Raymond James Financial Inc. owned approximately 0.18% of Hallador Energy at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp raised its holdings in Hallador Energy by 959.7% in the third quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock worth $2,499,000 after buying an additional 239,972 shares during the last quarter. Wolverine Trading LLC raised its holdings in Hallador Energy by 689.9% in the 3rd quarter. Wolverine Trading LLC now owns 35,823 shares of the energy company’s stock worth $347,000 after acquiring an additional 31,288 shares during the last quarter. Geode Capital Management LLC raised its holdings in Hallador Energy by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company’s stock worth $6,346,000 after acquiring an additional 27,093 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Hallador Energy in the 3rd quarter valued at approximately $251,000. Finally, Barclays PLC boosted its stake in Hallador Energy by 272.9% during the 3rd quarter. Barclays PLC now owns 33,131 shares of the energy company’s stock valued at $312,000 after purchasing an additional 24,247 shares during the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.

Hallador Energy Stock Performance

Shares of HNRG opened at $10.30 on Friday. Hallador Energy has a one year low of $4.33 and a one year high of $14.00. The business has a fifty day moving average of $10.90 and a 200 day moving average of $10.99. 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 firm has a market capitalization of $438.98 million, a P/E ratio of -18.73 and a beta of 0.55.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Monday, March 17th. The energy company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $94.80 million during the quarter, compared to analyst estimates of $102.46 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. As a group, sell-side analysts anticipate that Hallador Energy will post -0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HNRG shares. StockNews.com raised Hallador Energy to a “sell” rating in a research report on Friday, March 21st. Alliance Global Partners began coverage on shares of Hallador Energy in a report on Monday, December 9th. They set a “buy” rating and a $17.00 price target on the stock. Finally, B. Riley boosted their price objective on shares of Hallador Energy from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday.

Hallador Energy 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.