Battalion Oil (NYSEAMERICAN:BATL) Announces Quarterly Earnings Results

Battalion Oil (NYSEAMERICAN:BATL) announced its quarterly earnings data 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 4.1%

Battalion Oil stock traded down $0.06 during midday trading on Thursday, reaching $1.29. The company’s stock had a trading volume of 2,335,572 shares, compared to its average volume of 14,608,545. Battalion Oil has a fifty-two week low of $1.00 and a fifty-two week high of $29.70. The company has a market cap of $28.52 million, a P/E ratio of -0.23 and a beta of 0.43. The business has a 50-day simple moving average of $1.43 and a 200-day simple moving average of $4.23.

Institutional Trading of Battalion Oil

Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd lifted its position in Battalion Oil by 74.7% in the fourth 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 last quarter. Citadel Advisors LLC boosted its holdings in shares of Battalion Oil by 40.8% in the third quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock valued at $43,000 after acquiring an additional 10,189 shares during the period. Geode Capital Management LLC increased its holdings in shares of Battalion Oil by 50.4% in the 4th quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock valued at $73,000 after acquiring an additional 21,737 shares during the period. Baader Bank Aktiengesellschaft purchased a new stake in Battalion Oil in the 1st quarter valued at $99,000. Finally, BlackRock Inc. purchased a new position in Battalion Oil during the 2nd quarter worth $977,000. 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.