Battalion Oil (NYSEAMERICAN:BATL) Announces Quarterly Earnings Results

Battalion Oil (NYSEAMERICAN:BATL) posted its earnings results on Thursday. The company reported ($0.04) EPS for the quarter, FiscalAI reports. The company had revenue of $45.64 million during the quarter.

Battalion Oil Stock Performance

Shares of NYSEAMERICAN:BATL traded up $0.03 on Thursday, hitting $0.75. 1,725,812 shares of the company’s stock were exchanged, compared to its average volume of 11,491,755. The firm’s 50-day moving average is $1.03 and its 200 day moving average is $3.29. The company has a market capitalization of $42.96 million, a PE ratio of -0.15 and a beta of 0.49. Battalion Oil has a 1-year low of $0.67 and a 1-year high of $29.70.

Insider Activity at Battalion Oil

In other Battalion Oil news, Director William Rogers bought 70,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average price of $1.30 per share, with a total value of $91,000.00. Following the transaction, the director owned 72,000 shares of the company’s stock, valued at approximately $93,600. The trade was a 3,500.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 41.30% of the company’s stock.

Hedge Funds Weigh In On Battalion Oil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BATL. BlackRock Inc. acquired a new stake in Battalion Oil during the second quarter worth approximately $977,000. HighTower Advisors LLC acquired a new position in shares of Battalion Oil in the 2nd quarter valued at $131,000. AlphaGrep UK Ltd acquired a new position in shares of Battalion Oil in the 2nd quarter valued at $43,000. Susquehanna International Group LLP acquired a new position in shares of Battalion Oil in the 2nd quarter valued at $38,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Battalion Oil in the 1st quarter valued at $99,000. 86.01% of the stock is owned by institutional investors and hedge funds.

Battalion Oil Company Profile

Battalion Oil Corporation is an independent oil and natural gas company focused on the exploration, development and production of hydrocarbons in the Permian Basin. Its operations are concentrated primarily in the Delaware Basin, where the company develops oil, natural gas and natural gas liquids from unconventional formations. The company’s activities include acquiring and managing mineral and leasehold interests, drilling and completing horizontal wells, and producing and selling crude oil, natural gas and natural gas liquids.