Battalion Oil (NYSE:BATL) Shares Up 14.4% – Still a Buy?

Battalion Oil Co. (NYSE:BATL) shares traded up 14.4% on Monday . The stock traded as high as $1.66 and last traded at $1.59. 780,495 shares were traded during mid-day trading, an increase of 928% from the average session volume of 75,925 shares. The stock had previously closed at $1.39.

Battalion Oil Price Performance

The firm has a market cap of $26.17 million, a price-to-earnings ratio of -1.99 and a beta of 0.82. The stock’s 50-day moving average price is $4.90 and its 200 day moving average price is $4.40. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 2.65.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Battalion Oil stock. Geode Capital Management LLC boosted its stake in shares of Battalion Oil Co. (NYSE:BATL) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,205 shares of the company’s stock after acquiring an additional 1,949 shares during the quarter. Geode Capital Management LLC owned 0.23% of Battalion Oil worth $248,000 as of its most recent SEC filing. 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.