Battalion Oil Co. (NYSE:BATL - Get Free Report)'s stock price dropped 0.1% during mid-day trading on Wednesday . The stock traded as low as $6.70 and last traded at $6.70. Approximately 8,803 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 63,297 shares. The stock had previously closed at $6.71.
Battalion Oil Stock Down 1.9 %
The stock has a 50-day simple moving average of $5.91 and a 200-day simple moving average of $4.85. The company has a market cap of $108.22 million, a price-to-earnings ratio of -8.22 and a beta of 0.98. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.46.
Battalion Oil (NYSE:BATL - Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($0.80) earnings per share for the quarter. Battalion Oil had a net margin of 12.02% and a negative return on equity of 132.93%. The business had revenue of $49.10 million during the quarter.
Institutional Investors Weigh In On Battalion Oil
A number of hedge funds have recently modified their holdings of BATL. Alpine Global Management LLC bought a new stake in shares of Battalion Oil during the 1st quarter valued at $142,000. Virtu Financial LLC bought a new position in shares of Battalion Oil during the 1st quarter worth approximately $608,000. Finally, CM Management LLC increased its position in Battalion Oil by 7.7% in the 2nd quarter. CM Management LLC now owns 140,000 shares of the company's stock valued at $468,000 after buying an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 86.01% of the company's stock.
Battalion Oil Company Profile
(
Get Free Report)
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.
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