Battalion Oil (NYSE:BATL) Trading Down 0.1% – Here’s Why

Battalion Oil Co. (NYSE:BATL) was down 0.1% during mid-day trading on Wednesday . The company traded as low as $6.70 and last traded at $6.70. Approximately 8,803 shares traded hands 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 Performance

The company has a market cap of $110.28 million, a price-to-earnings ratio of -8.37 and a beta of 0.98. The firm has a 50-day simple moving average of $5.84 and a 200 day simple moving average of $4.84. 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) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.80) earnings per share (EPS) for the quarter. Battalion Oil had a negative return on equity of 132.93% and a net margin of 12.02%. The company had revenue of $49.10 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CM Management LLC grew its holdings in Battalion Oil by 20.0% in the first quarter. CM Management LLC now owns 130,000 shares of the company’s stock valued at $736,000 after purchasing an additional 21,700 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of Battalion Oil in the first quarter valued at about $142,000. Finally, Virtu Financial LLC purchased a new position in shares of Battalion Oil during the 1st quarter worth approximately $608,000. Institutional investors and hedge funds 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.