Battalion Oil (NYSEAMERICAN:BATL) Trading Up 0.5% – Should You Buy?

Battalion Oil Co. (NYSEAMERICAN:BATL)’s share price traded up 0.5% during mid-day trading on Thursday . The company traded as high as $4.37 and last traded at $4.04. 14,586,731 shares were traded during mid-day trading, a decline of 5% from the average session volume of 15,354,674 shares. The stock had previously closed at $4.02.

Battalion Oil Price Performance

The stock has a market capitalization of $86.74 million, a PE ratio of -1.81 and a beta of 0.76. The business’s fifty day moving average price is $8.32 and its 200-day moving average price is $3.85.

Battalion Oil (NYSEAMERICAN:BATL) last announced its quarterly earnings results on Monday, March 23rd. The company reported ($1.16) earnings per share (EPS) for the quarter. The firm had revenue of $32.27 million for the quarter.

Insider Activity at Battalion Oil

In related news, Director Gen Iv Investment Opportunitie sold 2,369,769 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $5.82, for a total value of $13,792,055.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Luminus Management Llc sold 1,209,377 shares of the company’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 transaction of $4,813,320.46. Following the completion of the transaction, the director owned 2,006,508 shares in the company, valued at approximately $7,985,901.84. This trade represents a 37.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 4,260,251 shares of company stock worth $22,412,753. 62.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd increased its position 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 worth $36,000 after purchasing an additional 13,523 shares during the last quarter. Citadel Advisors LLC increased its position in shares of Battalion Oil by 40.8% in 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. Finally, Geode Capital Management LLC increased its position in shares of Battalion Oil by 50.4% in the fourth quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock worth $73,000 after purchasing an additional 21,737 shares during the last quarter. 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. The company was formerly known as Halcón Resources Corporation and changed its name to Battalion Oil Corporation in January 2020.