Battalion Oil (NYSEAMERICAN:BATL) Posts Earnings Results

Battalion Oil (NYSEAMERICAN:BATL) released its quarterly earnings results on Wednesday. The company reported ($0.93) earnings per share for the quarter, FiscalAI reports. The company had revenue of $39.17 million for the quarter.

Battalion Oil Stock Performance

Shares of BATL traded up $0.10 on Friday, reaching $2.20. The stock had a trading volume of 4,055,088 shares, compared to its average volume of 13,749,295. The company has a 50-day simple moving average of $7.53 and a 200-day simple moving average of $4.07. The firm has a market capitalization of $47.13 million, a price-to-earnings ratio of -0.40 and a beta of 0.64. Battalion Oil has a 12-month low of $1.00 and a 12-month high of $29.70.

Insider Activity

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 stock was sold at an average price of $5.82, for a total value of $13,792,055.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Luminus Management Llc sold 1,209,377 shares of Battalion Oil stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $3.98, for a total value of $4,813,320.46. Following the transaction, the director owned 2,006,508 shares of the company’s stock, valued at $7,985,901.84. The trade was a 37.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,260,251 shares of company stock worth $22,412,753 in the last three months. 62.00% of the stock is currently owned by insiders.

Institutional Trading of Battalion Oil

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd lifted its stake 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 buying an additional 13,523 shares in the last quarter. Citadel Advisors LLC boosted its stake in Battalion Oil by 40.8% during the 3rd quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock valued at $43,000 after purchasing an additional 10,189 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Battalion Oil by 50.4% in the 4th 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 in the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Battalion Oil in the first quarter worth $99,000. 86.01% of the stock is owned by hedge funds and other 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.