Point72 Asset Management L.P. Buys 1,073,433 Shares of Hallador Energy (NASDAQ:HNRG)

Point72 Asset Management L.P. grew its stake in shares of Hallador Energy (NASDAQ:HNRG) by 4,460.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,097,500 shares of the energy company’s stock after buying an additional 1,073,433 shares during the period. Point72 Asset Management L.P. owned 2.58% of Hallador Energy worth $12,566,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC raised 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 worth $312,000 after acquiring an additional 24,247 shares during the period. Highland Peak Capital LLC purchased a new stake in shares of Hallador Energy in the fourth quarter worth $5,895,000. Raymond James Financial Inc. bought a new stake in shares of Hallador Energy during the 4th quarter valued at $873,000. Russell Investments Group Ltd. raised its position in shares of Hallador Energy by 814.1% during the 4th 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 period. Finally, American Century Companies Inc. lifted its stake in shares of Hallador Energy by 22.6% during the 4th quarter. American Century Companies Inc. now owns 794,303 shares of the energy company’s stock valued at $9,095,000 after buying an additional 146,450 shares in the last quarter. 61.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. B. Riley increased their price target on Hallador Energy from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. StockNews.com raised Hallador Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th.

Hallador Energy Trading Up 1.8%

Hallador Energy stock opened at $19.23 on Monday. Hallador Energy has a 1 year low of $4.86 and a 1 year high of $19.53. The firm’s 50 day moving average price is $13.57 and its 200-day moving average price is $12.16. 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 stock has a market cap of $826.43 million, a P/E ratio of -34.96 and a beta of 0.42.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.39. The company had revenue of $117.79 million during the quarter, compared to analysts’ expectations of $98.70 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. On average, equities analysts predict that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

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.