Battalion Oil (NYSEAMERICAN:BATL) Releases Earnings Results

Battalion Oil (NYSEAMERICAN:BATL) released its earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $48.13 million during the quarter.

Battalion Oil Stock Down 0.7%

Battalion Oil stock traded down $0.01 during mid-day trading on Wednesday, reaching $1.35. 2,742,713 shares of the company’s stock were exchanged, compared to its average volume of 14,688,073. The business’s fifty day simple moving average is $1.44 and its 200 day simple moving average is $4.23. Battalion Oil has a one year low of $1.00 and a one year high of $29.70. The firm has a market capitalization of $29.73 million, a PE ratio of -0.24 and a beta of 0.43.

Institutional Investors Weigh In On Battalion Oil

Large investors have recently made changes to their positions in the business. Baader Bank Aktiengesellschaft bought a new stake in shares of Battalion Oil during the 1st quarter worth $99,000. XTX Topco Ltd increased its holdings in Battalion Oil by 74.7% during the fourth quarter. XTX Topco Ltd now owns 31,627 shares of the company’s stock worth $36,000 after buying an additional 13,523 shares during the last quarter. Citadel Advisors LLC increased its holdings in Battalion Oil by 40.8% during the third quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock worth $43,000 after buying an additional 10,189 shares during the last quarter. Geode Capital Management LLC raised its position in Battalion Oil by 50.4% in the fourth quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock worth $73,000 after acquiring an additional 21,737 shares during the period. Finally, BlackRock Inc. bought a new stake in Battalion Oil in the second quarter worth about $977,000. 86.01% of the stock is owned by hedge funds and other institutional investors.

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.