Gregory Hinds Purchases 14,400 Shares of Battalion Oil (NYSEAMERICAN:BATL) Stock

Battalion Oil Co. (NYSEAMERICAN:BATL) Director Gregory Hinds purchased 14,400 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were acquired at an average cost of $1.31 per share, with a total value of $18,864.00. Following the purchase, the director directly owned 26,001 shares of the company’s stock, valued at approximately $34,061.31. The trade was a 124.13% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Battalion Oil Price Performance

Shares of BATL opened at $1.31 on Friday. The business has a 50-day moving average of $1.43 and a 200-day moving average of $4.07. The company has a market capitalization of $75.04 million, a price-to-earnings ratio of -0.26 and a beta of 0.43. Battalion Oil Co. has a 1 year low of $1.00 and a 1 year high of $29.70.

Battalion Oil (NYSEAMERICAN:BATL) last announced its earnings results on Wednesday, August 12th. The company reported ($0.11) EPS for the quarter. The company had revenue of $48.13 million during the quarter.

Institutional Trading of Battalion Oil

Institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC acquired a new stake in Battalion Oil during the 2nd quarter worth about $131,000. AlphaGrep UK Ltd acquired a new position in shares of Battalion Oil in the 2nd quarter valued at about $43,000. Susquehanna International Group LLP bought a new stake in shares of Battalion Oil during the 2nd quarter valued at about $38,000. BlackRock Inc. bought a new stake in shares of Battalion Oil during the 2nd quarter valued at about $977,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Battalion Oil during the first quarter worth approximately $99,000. Institutional investors own 86.01% of the company’s stock.

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.