Battalion Oil (NYSE:BATL) Stock Price Up 3.7% – Time to Buy?

Battalion Oil Co. (NYSE:BATL)’s share price shot up 3.7% during trading on Monday . The stock traded as high as $1.1505 and last traded at $1.13. 50,345 shares were traded during trading, a decline of 88% from the average session volume of 406,136 shares. The stock had previously closed at $1.09.

Battalion Oil Stock Up 3.7%

The firm has a market cap of $18.60 million, a price-to-earnings ratio of -1.41 and a beta of 0.76. The firm has a 50 day moving average of $1.14 and a 200 day moving average of $1.29. 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 Trading of Battalion Oil

An institutional investor recently raised its position in Battalion Oil stock. Citadel Advisors LLC lifted its stake in shares of Battalion Oil Co. (NYSE:BATL) by 40.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,173 shares of the company’s stock after acquiring an additional 10,189 shares during the period. Citadel Advisors LLC owned 0.21% of Battalion Oil worth $43,000 at the end of the most recent reporting period. 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.