Battalion Oil (NYSEAMERICAN:BATL) Trading Down 9.1% – What’s Next?

Shares of Battalion Oil Co. (NYSEAMERICAN:BATL) fell 9.1% during mid-day trading on Thursday . The company traded as low as $1.37 and last traded at $1.40. 2,574,786 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 4,508,046 shares. The stock had previously closed at $1.54.

Battalion Oil Stock Performance

The stock’s fifty day moving average price is $3.17 and its 200-day moving average price is $4.14. The company has a market capitalization of $30.83 million, a P/E ratio of -0.25 and a beta of 0.42.

Battalion Oil (NYSEAMERICAN:BATL) last issued its earnings results on Wednesday, May 13th. The company reported ($0.93) earnings per share (EPS) for the quarter. The firm had revenue of $39.17 million for the quarter.

Insider Transactions at Battalion Oil

In related news, Director Gen Iv Investment Opportunitie sold 2,369,769 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $5.82, for a total value of $13,792,055.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Luminus Management Llc sold 1,209,377 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $3.98, for a total transaction of $4,813,320.46. Following the completion of the transaction, the director owned 2,006,508 shares in the company, valued at approximately $7,985,901.84. This trade represents a 37.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 4,260,251 shares of company stock worth $22,412,753. 62.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in Battalion Oil by 50.4% in the 4th quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock valued at $73,000 after buying an additional 21,737 shares during the last quarter. Citadel Advisors LLC grew its stake in Battalion Oil by 40.8% in the 3rd quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock valued at $43,000 after buying an additional 10,189 shares during the last quarter. XTX Topco Ltd grew its stake in Battalion Oil by 74.7% in the 4th quarter. XTX Topco Ltd now owns 31,627 shares of the company’s stock valued at $36,000 after buying an additional 13,523 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in Battalion Oil in the 1st quarter valued at about $99,000. 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. The company was formerly known as Halcón Resources Corporation and changed its name to Battalion Oil Corporation in January 2020.