Battalion Oil (NYSEAMERICAN:BATL) Stock Price Down 3% – Here’s What Happened

Battalion Oil Co. (NYSEAMERICAN:BATL) shares were down 3% during mid-day trading on Friday . The stock traded as low as $1.30 and last traded at $1.31. Approximately 3,780,614 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 14,174,888 shares. The stock had previously closed at $1.35.

Battalion Oil Trading Down 3.0%

The stock has a market cap of $28.85 million, a PE ratio of -0.23 and a beta of 0.43. The business has a 50-day moving average price of $1.44 and a 200 day moving average price of $4.20.

Battalion Oil (NYSEAMERICAN:BATL) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.93) earnings per share for the quarter. The company had revenue of $39.17 million during the quarter.

Institutional Trading of Battalion Oil

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Battalion Oil in the second quarter valued at $977,000. Baader Bank Aktiengesellschaft purchased a new stake in Battalion Oil during the 1st quarter worth about $99,000. Geode Capital Management LLC lifted its holdings in Battalion Oil by 50.4% during 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. XTX Topco Ltd boosted its stake in Battalion Oil by 74.7% in the 4th quarter. XTX Topco Ltd now owns 31,627 shares of the company’s stock worth $36,000 after purchasing an additional 13,523 shares during the period. Finally, Citadel Advisors LLC boosted its stake in Battalion Oil by 40.8% in the 3rd quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock worth $43,000 after purchasing an additional 10,189 shares during the period. 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.