Battalion Oil (NYSEAMERICAN:BATL) Trading Up 10.8% – Should You Buy?

Battalion Oil Co. (NYSEAMERICAN:BATL) traded up 10.8% on Friday . The stock traded as high as $1.83 and last traded at $1.74. 23,663,074 shares were traded during mid-day trading, an increase of 37% from the average daily volume of 17,323,164 shares. The stock had previously closed at $1.57.

Battalion Oil Stock Up 10.8%

The firm has a market cap of $38.31 million, a P/E ratio of -0.31 and a beta of 0.43. The firm has a fifty day moving average of $1.62 and a 200-day moving average of $4.17.

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

Hedge Funds Weigh In On Battalion Oil

A number of institutional investors have recently added to or reduced their stakes in BATL. Baader Bank Aktiengesellschaft bought a new stake in Battalion Oil during the first quarter worth $99,000. XTX Topco Ltd grew its position 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. Citadel Advisors LLC increased its stake in shares of Battalion Oil by 40.8% during 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 last quarter. Finally, Geode Capital Management LLC increased its stake in shares of 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 during the last quarter. 86.01% of the stock is currently owned by institutional investors and hedge funds.

Battalion Oil Company Profile

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.