Battalion Oil (NYSE:BATL) Trades 2.3% Higher

Battalion Oil Co. shares. (NYSE:BATL – Get Free Report ) traded up 2.3% during mid-day trading on Tuesday. The company traded as high as $6.74 and last traded at $6.72. 127,349 shares were traded mid-day, up 89% from the session’s average volume of 67,328 shares. Shares previously closed at $6.57.

Battalion oil stock performance

The company’s 50-day simple moving average is $3.53 and its 200-day simple moving average is $4.60. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.55, and a current ratio of 0.55. The stock has a market cap of $110.59 million, a PE ratio of -1.51 and a beta of 0.95.

Battalion Oil (NYSE:BATL – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.80) EPS for the quarter. Battalion Oil had a negative net margin of 26.17% and a negative return on equity of 99.89%. The business had revenue of $49.10 million for the quarter.

Hedge funds are weighing on the battalion oil

A number of hedge funds and other institutional investors have recently made changes to their positions in BATL. Crystalline Management Inc. bought a new stake in Battalion Oil in the fourth quarter valued at approximately $528,000. EHP Funds Inc. purchased a new stake in shares of Battalion Oil in the 4th quarter valued at approximately $766,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Battalion Oil in the 4th quarter valued at about $495,000. Beryl Capital Management LLC bought a new stake in shares of Battalion Oil in the 4th quarter valued at about $3,608,000. Finally, CM Management LLC boosted its stake in Battalion Oil by 20.0% in the first quarter. CM Management LLC now owns 130,000 shares of the company’s stock valued at $736,000 after buying an additional 21,700 shares in the last quarter. 86.01% of the shares are held by hedge funds and other institutional investors.

Battalion Oil Company Profile

(Get a free report)

Battalion Oil Corporation, an independent energy company, engages in the acquisition, production, exploration and development of onshore oil and natural gas assets in the United States. It owns interests in the Delaware Basin located in Pecos, Ward, Reeves and Winkler Counties, Texas. Serves independent traders and oil and natural gas and gas pipeline companies.

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