Battalion Oil (NYSEAMERICAN:BATL) Releases Earnings Results

Battalion Oil (NYSEAMERICAN:BATL) issued its quarterly earnings data on Thursday. The company reported ($0.04) EPS for the quarter, FiscalAI reports. The firm had revenue of $45.64 million for the quarter.

Battalion Oil Price Performance

NYSEAMERICAN:BATL traded down $0.02 during mid-day trading on Friday, reaching $0.73. 585,444 shares of the company’s stock traded hands, compared to its average volume of 11,443,086. The company has a 50 day moving average price of $1.01 and a 200-day moving average price of $3.27. The firm has a market capitalization of $41.87 million, a price-to-earnings ratio of -0.14 and a beta of 0.49. Battalion Oil has a 12-month low of $0.67 and a 12-month high of $29.70.

Insider Activity

In other Battalion Oil news, Director William Rogers purchased 70,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average cost of $1.30 per share, for a total transaction of $91,000.00. Following the purchase, the director directly owned 72,000 shares in the company, valued at $93,600. The trade was a 3,500.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 41.30% of the company’s stock.

Institutional Trading of Battalion Oil

Several large investors have recently added to or reduced their stakes in BATL. BlackRock Inc. purchased a new stake in Battalion Oil during the second quarter valued at $977,000. AlphaGrep UK Ltd purchased a new stake in shares of Battalion Oil during the second quarter worth about $43,000. HighTower Advisors LLC acquired a new stake in Battalion Oil during the 2nd quarter worth about $131,000. Susquehanna International Group LLP acquired a new position in Battalion Oil during the second quarter valued at $38,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Battalion Oil during the 1st quarter worth about $99,000. 86.01% of the stock is currently owned by institutional investors.

About Battalion Oil

Battalion Oil Corporation is an independent oil and natural gas company focused on the exploration, development and production of hydrocarbons in the Permian Basin. Its operations are concentrated primarily in the Delaware Basin, where the company develops oil, natural gas and natural gas liquids from unconventional formations. The company’s activities include acquiring and managing mineral and leasehold interests, drilling and completing horizontal wells, and producing and selling crude oil, natural gas and natural gas liquids.