Clarus Group Inc. Buys Shares of 100,000 Battalion Oil Co. (NYSE:BATL)

Clarus Group Inc. purchased a new stake in Battalion Oil Co. (NYSE:BATL) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 100,000 shares of the company’s stock, valued at approximately $358,000.

Separately, Jefferies Group LLC bought a new position in shares of Battalion Oil during the 4th quarter worth approximately $4,150,000. Institutional investors and hedge funds own 86.01% of the company’s stock.

NYSE BATL opened at $11.16 on Monday. The business has a fifty day moving average price of $11.98. The stock has a market capitalization of $181.54 million and a price-to-earnings ratio of -1.02. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.17. Battalion Oil Co. has a 12-month low of $4.16 and a 12-month high of $13.41.

Battalion Oil (NYSE:BATL) last released its earnings results on Monday, March 8th. The company reported ($0.47) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.29). The firm had revenue of $42.57 million for the quarter. Battalion Oil had a negative return on equity of 1.79% and a negative net margin of 102.98%.

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. As of December 31, 2020, the company held interests in 41,676 net acres in the Delaware Basin located in the counties of Pecos, Reeves, Ward, and Winkler, Texas.

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