Battalion Oil (NYSE:BATL – Get Rating) announced its earnings results on Monday. The company reported ($0.22) earnings per share for the quarter, reports. The company had revenue of $81.60 million during the quarter. Battalion Oil had a negative net margin of 9.93% and a positive return on equity of 37.64%.
BATL stock opened at $14.59 on Wednesday. The stock has a market capitalization of $238.36 million, a P/E ratio of -8.20 and a beta of 0.50. Battalion Oil has a one year low of $7.31 and a one year high of $23.33. The business’s 50 day simple moving average is $18.41. The company has a debt-to-equity ratio of 2.85, a current ratio of 0.72 and a quick ratio of 0.72.
Several hedge funds have recently bought and sold shares of the business. CM Management LLC raised its stake in shares of Battalion Oil by 4.1% during the fourth quarter. CM Management LLC now owns 123,097 shares of the company’s stock worth $1,206,000 after acquiring an additional 4,808 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Battalion Oil during the third quarter worth approximately $141,000. Jane Street Group LLC purchased a new position in shares of Battalion Oil during the third quarter worth approximately $144,000. Lion Point Capital LP raised its stake in shares of Battalion Oil by 1.9% during the third quarter. Lion Point Capital LP now owns 953,935 shares of the company’s stock worth $9,281,000 after acquiring an additional 17,954 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Battalion Oil by 4,505.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 614,427 shares of the company’s stock worth $6,021,000 after acquiring an additional 601,087 shares in the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.
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. As of December 31, 2021, the company held interests in 40,400 net acres in the Delaware Basin located in the counties of Pecos, Reeves, Ward, and Winkler, Texas.
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