Battalion Oil (NYSE:BATL) Trading Up 3.2%

Battalion Oil Co. (NYSE:BATLGet Free Report) was up 3.2% during trading on Thursday . The company traded as high as $3.61 and last traded at $3.60. Approximately 2,602 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 16,100 shares. The stock had previously closed at $3.49.

Battalion Oil Trading Up 3.2 %

The stock has a market cap of $59.26 million, a PE ratio of -0.81 and a beta of 0.95. The stock has a 50-day moving average of $5.01 and a 200 day moving average of $6.33. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.05.

Battalion Oil (NYSE:BATLGet Free Report) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($1.04) earnings per share (EPS) for the quarter. Battalion Oil had a negative net margin of 27.77% and a negative return on equity of 70.13%. The company had revenue of $49.87 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Beryl Capital Management LLC acquired a new position in shares of Battalion Oil during the 4th quarter worth approximately $3,608,000. CM Management LLC raised its holdings in shares of Battalion Oil by 20.0% during the 1st quarter. CM Management LLC now owns 130,000 shares of the company’s stock worth $736,000 after acquiring an additional 21,700 shares during the period. Virtu Financial LLC purchased a new position in shares of Battalion Oil during the 1st quarter worth $608,000. EHP Funds Inc. purchased a new position in shares of Battalion Oil during the 4th quarter worth $766,000. Finally, Crystalline Management Inc. purchased a new position in shares of Battalion Oil during the 4th quarter worth $528,000. 86.01% of the stock is owned by institutional investors and hedge funds.

About Battalion Oil

(Get 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 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.

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