Battalion Oil (NYSE:BATL) Stock Price Up 15.8% – What’s Next?

Shares of Battalion Oil Co. (NYSE:BATL) rose 15.8% during trading on Friday . The company traded as high as $1.32 and last traded at $1.32. Approximately 108,822 shares were traded during trading, an increase of 64% from the average daily volume of 66,539 shares. The stock had previously closed at $1.14.

Battalion Oil Stock Performance

The company has a debt-to-equity ratio of 2.65, a current ratio of 0.47 and a quick ratio of 0.47. The stock’s 50-day simple moving average is $1.64 and its 200 day simple moving average is $3.45. The stock has a market capitalization of $21.72 million, a P/E ratio of -1.65 and a beta of 0.98.

Hedge Funds Weigh In On Battalion Oil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BATL. Alpine Global Management LLC boosted its position in shares of Battalion Oil by 80.3% in the fourth quarter. Alpine Global Management LLC now owns 125,000 shares of the company’s stock valued at $215,000 after acquiring an additional 55,678 shares during the period. Gabelli Funds LLC bought a new stake in shares of Battalion Oil in the fourth quarter valued at about $83,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Battalion Oil in the fourth quarter valued at about $59,000. XTX Topco Ltd bought a new stake in shares of Battalion Oil in the fourth quarter valued at about $33,000. Finally, Geode Capital Management LLC boosted its position in shares of Battalion Oil by 5.5% in the third quarter. Geode Capital Management LLC now owns 37,205 shares of the company’s stock valued at $248,000 after acquiring an additional 1,949 shares during the period. 86.01% of the stock is owned by institutional investors.

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.