Battalion Oil (NYSE:BATL) Shares Down 0.8% – What’s Next?

Battalion Oil Co. (NYSE:BATL)’s stock price fell 0.8% during mid-day trading on Thursday . The company traded as low as $1.19 and last traded at $1.22. 99,464 shares changed hands during trading, a decline of 37% from the average session volume of 158,676 shares. The stock had previously closed at $1.23.

Battalion Oil Stock Performance

The company has a debt-to-equity ratio of 2.65, a current ratio of 0.47 and a quick ratio of 0.47. The stock’s 50-day simple moving average is $1.17 and its 200 day simple moving average is $1.18. The stock has a market capitalization of $21.07 million, a P/E ratio of -1.60 and a beta of 0.70.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Battalion Oil stock. GAM Holding AG acquired a new stake in Battalion Oil Co. (NYSE:BATL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 115,000 shares of the company’s stock, valued at approximately $148,000. GAM Holding AG owned about 0.70% of Battalion Oil as of its most recent filing with the SEC. 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.