Battalion Oil (NYSE:BATL) Shares Down 0.6% - Should You Sell?

Battalion Oil Co. (NYSE:BATL - Get Free Report)'s share price fell 0.6% during trading on Tuesday . The stock traded as low as $6.53 and last traded at $6.58. 80,304 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 65,549 shares. The stock had previously closed at $6.62.

Battalion Oil Price Performance

The stock has a market capitalization of $108.29 million, a price-to-earnings ratio of -1.48 and a beta of 0.98. The company has a 50 day moving average of $4.46 and a 200 day moving average of $4.70. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 4.46.

Battalion Oil (NYSE:BATL - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported ($0.80) EPS for the quarter. Battalion Oil had a negative net margin of 26.17% and a negative return on equity of 99.89%. The business had revenue of $49.10 million during the quarter.

Institutional Investors Weigh In On Battalion Oil

A number of institutional investors have recently added to or reduced their stakes in BATL. CM Management LLC boosted its position in shares of Battalion Oil by 20.0% in the first quarter. CM Management LLC now owns 130,000 shares of the company's stock worth $736,000 after buying an additional 21,700 shares during the period. Alpine Global Management LLC purchased a new stake in shares of Battalion Oil in the first quarter worth about $142,000. Finally, Virtu Financial LLC purchased a new stake in shares of Battalion Oil in the first quarter worth about $608,000. Hedge funds and other 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.

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