Battalion Oil (NYSEAMERICAN:BATL) Director William Rogers Purchases 70,000 Shares

Battalion Oil Co. (NYSEAMERICAN:BATL) Director William Rogers purchased 70,000 shares of Battalion Oil stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $1.30 per share, with a total value of $91,000.00. Following the completion of the purchase, the director directly owned 72,000 shares in the company, valued at $93,600. This trade represents a 3,500.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Battalion Oil Price Performance

BATL stock opened at $1.31 on Friday. The stock has a market capitalization of $75.04 million, a price-to-earnings ratio of -0.26 and a beta of 0.43. The business’s fifty day moving average price is $1.43 and its two-hundred day moving average price is $4.07. Battalion Oil Co. has a fifty-two week low of $1.00 and a fifty-two week high of $29.70.

Battalion Oil (NYSEAMERICAN:BATL) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $48.13 million for the quarter.

Hedge Funds Weigh In On Battalion Oil

Several hedge funds and other institutional investors have recently made changes to their positions in BATL. BlackRock Inc. acquired a new position in shares of Battalion Oil during the 2nd quarter worth $977,000. HighTower Advisors LLC acquired a new stake in Battalion Oil in the second quarter valued at about $131,000. AlphaGrep UK Ltd bought a new position in Battalion Oil in the second quarter valued at about $43,000. Susquehanna International Group LLP bought a new position in Battalion Oil in the second quarter valued at about $38,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in Battalion Oil during the first quarter worth about $99,000. 86.01% of the stock is currently owned by institutional investors and hedge funds.

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.