William Rogers Purchases 70,000 Shares of Battalion Oil (NYSEAMERICAN:BATL) Stock

Battalion Oil Co. (NYSEAMERICAN:BATL) Director William Rogers acquired 70,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average price of $1.30 per share, with a total value of $91,000.00. Following the completion of the transaction, the director owned 72,000 shares of the company’s stock, valued at $93,600. This trade represents a 3,500.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Battalion Oil Stock Down 1.5%

Shares of BATL stock opened at $1.31 on Friday. The firm has a 50 day moving average of $1.43 and a 200-day moving average of $4.07. The company has a market cap of $75.04 million, a price-to-earnings ratio of -0.26 and a beta of 0.43. Battalion Oil Co. has a 52 week low of $1.00 and a 52 week high of $29.70.

Battalion Oil (NYSEAMERICAN:BATL) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $48.13 million for the quarter.

Hedge Funds Weigh In On Battalion Oil

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Battalion Oil during the second quarter worth about $977,000. HighTower Advisors LLC purchased a new stake in Battalion Oil in the second quarter valued at approximately $131,000. AlphaGrep UK Ltd bought a new stake in Battalion Oil during the second quarter valued at approximately $43,000. Susquehanna International Group LLP purchased a new position in Battalion Oil in the 2nd quarter worth approximately $38,000. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of Battalion Oil in the 1st quarter worth $99,000. Institutional investors own 86.01% of the company’s stock.

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.