Battalion Oil (NYSEAMERICAN:BATL) Shares Up 1% – Here’s What Happened

Battalion Oil Co. (NYSEAMERICAN:BATL)’s stock price was up 1% during mid-day trading on Monday. The company traded as high as $1.08 and last traded at $1.06. Approximately 2,698,836 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 5,146,598 shares. The stock had previously closed at $1.05.

Battalion Oil Stock Performance

The company has a market cap of $60.72 million, a PE ratio of -0.21 and a beta of 0.45. The firm has a fifty day simple moving average of $1.34 and a 200 day simple moving average of $2.93.

Battalion Oil (NYSEAMERICAN:BATL) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $48.13 million for the quarter.

Insider Transactions at Battalion Oil

In related news, Director William Rogers bought 70,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average cost of $1.30 per share, for a total transaction of $91,000.00. Following the completion of the acquisition, the director owned 72,000 shares in the company, valued at $93,600. This trade represents a 3,500.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 41.30% of the company’s stock.

Hedge Funds Weigh In On Battalion Oil

Large investors have recently bought and sold shares of the stock. Baader Bank Aktiengesellschaft acquired a new position in shares of Battalion Oil in the 1st quarter valued at $99,000. Susquehanna International Group LLP purchased a new stake in shares of Battalion Oil during the 2nd quarter valued at $38,000. AlphaGrep UK Ltd acquired a new stake in shares of Battalion Oil during the 2nd quarter worth $43,000. HighTower Advisors LLC acquired a new stake in shares of Battalion Oil during the 2nd quarter worth $131,000. Finally, BlackRock Inc. acquired a new stake in shares of Battalion Oil during the 2nd quarter worth $977,000. Hedge funds and other institutional investors own 86.01% of the company’s stock.

Battalion Oil Company Profile

Battalion Oil Corporation is an independent energy company engaged in the acquisition, development, exploration and production of onshore oil and natural gas properties. Its operations are focused primarily on crude oil, natural gas and natural gas liquids produced from unconventional formations.

The company’s activities are concentrated in the Delaware Basin, a major oil and gas producing region within the Permian Basin of West Texas and southeastern New Mexico. Battalion Oil operates and develops acreage in this region using horizontal drilling and hydraulic fracturing techniques.

Headquartered in Houston, Texas, Battalion Oil was formerly known as Halcón Resources Corporation and adopted its current name following a corporate restructuring.