Battalion Oil (NYSE:BATL) Shares Up 1.6%

Battalion Oil Co. (NYSE:BATL)’s stock price rose 1.6% during mid-day trading on Tuesday . The company traded as high as $5.83 and last traded at $5.63. Approximately 20,942 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 101,019 shares. The stock had previously closed at $5.54.

Battalion Oil Price Performance

The stock has a market capitalization of $92.67 million, a P/E ratio of -5.99 and a beta of 0.99. The stock’s fifty day moving average is $5.70 and its 200-day moving average is $6.59. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.67 and a quick ratio of 0.67.

Battalion Oil (NYSE:BATL) last issued its quarterly earnings data on Friday, March 29th. The company reported ($1.01) earnings per share (EPS) for the quarter. The business had revenue of $47.24 million during the quarter. Battalion Oil had a negative return on equity of 32.62% and a negative net margin of 1.38%.

Institutional Investors Weigh In On Battalion Oil

A number of hedge funds have recently bought and sold shares of BATL. Beryl Capital Management LLC acquired a new position in shares of Battalion Oil during the fourth quarter valued at about $3,608,000. EHP Funds Inc. acquired a new position in shares of Battalion Oil during the fourth quarter valued at about $766,000. Crystalline Management Inc. acquired a new position in shares of Battalion Oil during the fourth quarter valued at about $528,000. PenderFund Capital Management Ltd. acquired a new position in shares of Battalion Oil during the fourth quarter valued at about $495,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Battalion Oil during the fourth quarter valued at about $481,000. 86.01% of the stock is currently owned by institutional investors.

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.