Battalion Oil (NYSEAMERICAN:BATL) Shares Down 2.4% – What’s Next?

Battalion Oil Co. (NYSEAMERICAN:BATL) dropped 2.4% on Friday . The company traded as low as $1.19 and last traded at $1.23. 6,136,371 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 20,398,972 shares. The stock had previously closed at $1.26.

Battalion Oil Stock Performance

The stock has a fifty day simple moving average of $2.23 and a 200-day simple moving average of $4.14. The stock has a market cap of $27.08 million, a P/E ratio of -0.22 and a beta of 0.42.

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

Insider Transactions at Battalion Oil

In other Battalion Oil news, Director Luminus Management Llc sold 1,209,377 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $3.98, for a total value of $4,813,320.46. Following the sale, the director owned 2,006,508 shares in the company, valued at approximately $7,985,901.84. The trade was a 37.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 41.30% of the company’s stock.

Hedge Funds Weigh In On Battalion Oil

Several hedge funds have recently made changes to their positions in the business. XTX Topco Ltd raised its holdings in shares of Battalion Oil by 74.7% in the fourth quarter. XTX Topco Ltd now owns 31,627 shares of the company’s stock valued at $36,000 after purchasing an additional 13,523 shares during the last quarter. Citadel Advisors LLC boosted its holdings in Battalion Oil by 40.8% during the third quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock worth $43,000 after purchasing an additional 10,189 shares during the last quarter. Geode Capital Management LLC grew its position in 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 purchasing an additional 21,737 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new position in Battalion Oil in the first quarter valued at $99,000. 86.01% of the stock is owned by institutional investors.

About Battalion Oil

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.