Battalion Oil (NYSEAMERICAN:BATL) Releases Quarterly Earnings Results

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

Battalion Oil Stock Performance

Shares of NYSEAMERICAN BATL opened at $2.52 on Thursday. Battalion Oil has a 1 year low of $1.00 and a 1 year high of $29.70. The firm’s 50 day moving average price is $8.04 and its 200 day moving average price is $4.06. The firm has a market cap of $54.10 million, a P/E ratio of -1.13 and a beta of 0.64.

Insider Buying and Selling

In other Battalion Oil news, Director Gen Iv Investment Opportunitie sold 2,369,769 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $5.82, for a total transaction of $13,792,055.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Luminus Management Llc sold 1,209,377 shares of the 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 transaction, the director directly owned 2,006,508 shares in the company, valued at approximately $7,985,901.84. This represents a 37.61% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 4,260,251 shares of company stock worth $22,412,753. 62.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Battalion Oil

A number of hedge funds have recently made changes to their positions in the business. Baader Bank Aktiengesellschaft purchased a new position in shares of Battalion Oil in the 1st quarter valued at $99,000. XTX Topco Ltd raised its stake in shares of Battalion Oil by 74.7% in the 4th quarter. XTX Topco Ltd now owns 31,627 shares of the company’s stock valued at $36,000 after acquiring an additional 13,523 shares during the period. Geode Capital Management LLC raised its stake 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 valued at $73,000 after acquiring an additional 21,737 shares during the period. Finally, Citadel Advisors LLC raised its stake in shares of Battalion Oil by 40.8% in the 3rd quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock valued at $43,000 after acquiring an additional 10,189 shares during the period. Hedge funds and other institutional investors own 86.01% of the company’s stock.

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.