Battalion Oil (NYSEAMERICAN:BATL) Trading Up 10.8% – Time to Buy?

Battalion Oil Co. (NYSEAMERICAN:BATL)’s share price traded up 10.8% during trading on Friday . The company traded as high as $1.83 and last traded at $1.74. Approximately 23,663,074 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 17,323,164 shares. The stock had previously closed at $1.57.

Battalion Oil Trading Up 10.8%

The stock has a market cap of $38.31 million, a PE ratio of -0.31 and a beta of 0.43. The business has a 50-day moving average price of $1.62 and a 200-day moving average price of $4.17.

Battalion Oil (NYSEAMERICAN:BATL) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.93) EPS for the quarter. The company had revenue of $39.17 million for the quarter.

Institutional Trading of Battalion Oil

Institutional investors and hedge funds have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft acquired a new stake in Battalion Oil in the 1st quarter worth about $99,000. XTX Topco Ltd raised its holdings in shares of Battalion Oil by 74.7% during the fourth quarter. XTX Topco Ltd now owns 31,627 shares of the company’s stock valued at $36,000 after acquiring an additional 13,523 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of Battalion Oil by 40.8% during the third quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock valued at $43,000 after acquiring an additional 10,189 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Battalion Oil by 50.4% in the fourth quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock valued at $73,000 after acquiring an additional 21,737 shares in the last quarter. Hedge funds and other institutional investors own 86.01% of the company’s stock.

Battalion Oil Company Profile

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 holds interests in the Delaware Basin located in the counties of Pecos, Ward, Reeves, and Winkler, Texas. It serves independent marketers, and oil and natural gas and gas pipeline companies. The company was formerly known as Halcón Resources Corporation and changed its name to Battalion Oil Corporation in January 2020.