Richard H. Little Acquires 3,000 Shares of Battalion Oil Co. (NYSE:BATL) Stock

Battalion Oil Co. (NYSE:BATL) CEO Richard H. Little purchased 3,000 shares of the firm’s stock in a transaction dated Friday, September 10th. The shares were bought at an average price of $7.85 per share, for a total transaction of $23,550.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE BATL traded down $0.17 during midday trading on Tuesday, hitting $7.83. 50,564 shares of the company’s stock were exchanged, compared to its average volume of 21,931. Battalion Oil Co. has a 12-month low of $6.50 and a 12-month high of $14.82. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 6.89. The company has a market cap of $127.38 million, a price-to-earnings ratio of -0.45 and a beta of 1.59. The business’s fifty day moving average price is $11.63 and its two-hundred day moving average price is $12.14.

Battalion Oil (NYSE:BATL) last issued its earnings results on Monday, August 9th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). The firm had revenue of $64.37 million during the quarter. Battalion Oil had a negative return on equity of 9.46% and a negative net margin of 140.49%.

Institutional investors have recently made changes to their positions in the stock. Clarus Group Inc. bought a new position in Battalion Oil in the first quarter worth $358,000. BlackRock Inc. increased its holdings in shares of Battalion Oil by 9.5% during the first quarter. BlackRock Inc. now owns 11,930 shares of the company’s stock valued at $130,000 after acquiring an additional 1,034 shares in the last quarter. Geode Capital Management LLC bought a new position in shares of Battalion Oil during the first quarter valued at $504,000. Northern Trust Corp increased its holdings in shares of Battalion Oil by 5.2% during the first quarter. Northern Trust Corp now owns 17,764 shares of the company’s stock valued at $194,000 after acquiring an additional 879 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Battalion Oil by 1.5% during the first quarter. Morgan Stanley now owns 134,049 shares of the company’s stock valued at $1,459,000 after acquiring an additional 2,023 shares in the last quarter. Institutional investors own 85.25% 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. As of December 31, 2020, the company held interests in 41,676 net acres in the Delaware Basin located in the counties of Pecos, Reeves, Ward, and Winkler, Texas.

Featured Story: What is required to own or exchange cryptocurrency?

Receive News & Ratings for Battalion Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Battalion Oil and related companies with MarketBeat.com's FREE daily email newsletter.