Battalion Oil (NYSE:BATL) Shares Down 10.7% – Should You Sell?

Battalion Oil Co. (NYSE:BATL)’s share price was down 10.7% during mid-day trading on Tuesday . The stock traded as low as $1.80 and last traded at $1.84. Approximately 83,713 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 157,489 shares. The stock had previously closed at $2.06.

Battalion Oil Price Performance

The firm has a market cap of $30.28 million, a P/E ratio of -2.30 and a beta of 0.95. The business has a 50-day simple moving average of $3.33 and a 200 day simple moving average of $4.11. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.47 and a current ratio of 0.47.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Battalion Oil stock. Geode Capital Management LLC grew its stake in shares of Battalion Oil Co. (NYSE:BATL) by 5.5% in the 3rd quarter, according to its most recent disclosure 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 about 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.

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.