Battalion Oil (NYSE:BATL) Trading 0.8% Higher – Still a Buy?

Battalion Oil Co. (NYSE:BATL) shares traded up 0.8% during trading on Tuesday . The stock traded as high as $1.29 and last traded at $1.28. 8,327 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 471,901 shares. The stock had previously closed at $1.27.

Battalion Oil Stock Up 0.8%

The company has a market capitalization of $21.07 million, a PE ratio of -1.60 and a beta of 0.78. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.47 and a quick ratio of 0.47. The company has a 50-day moving average of $1.50 and a two-hundred day moving average of $1.44.

Institutional Investors Weigh In On Battalion Oil

Hedge funds have recently made changes to their positions in the company. XTX Topco Ltd bought a new position in shares of Battalion Oil during the fourth quarter valued at approximately $33,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Battalion Oil during the 4th quarter worth about $59,000. Gabelli Funds LLC acquired a new stake in Battalion Oil during the 4th quarter worth about $83,000. Tabor Asset Management LP acquired a new stake in shares of Battalion Oil during the 1st quarter valued at about $83,000. Finally, GAM Holding AG purchased a new position in Battalion Oil in the 2nd quarter valued at about $148,000. 86.01% of the stock is currently owned by hedge funds and other 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.