Battalion Oil (NYSEAMERICAN:BATL) Shares Down 3% – Should You Sell?

Battalion Oil Co. (NYSEAMERICAN:BATL)’s share price fell 3% during mid-day trading on Friday . The stock traded as low as $1.30 and last traded at $1.31. 3,780,614 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 14,174,888 shares. The stock had previously closed at $1.35.

Battalion Oil Trading Down 3.0%

The stock’s 50 day moving average price is $1.44 and its 200 day moving average price is $4.20. The firm has a market cap of $28.85 million, a PE ratio of -0.23 and a beta of 0.43.

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

Institutional Investors Weigh In On Battalion Oil

Several institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd raised its holdings in shares of Battalion Oil by 74.7% during 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 period. Citadel Advisors LLC lifted its position in shares of Battalion Oil by 40.8% during the third quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock worth $43,000 after purchasing an additional 10,189 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Battalion Oil by 50.4% in the fourth quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock valued at $73,000 after purchasing an additional 21,737 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in shares of Battalion Oil in the first quarter valued at $99,000. Finally, BlackRock Inc. acquired a new stake in Battalion Oil during the 2nd quarter valued at $977,000. Hedge funds and other institutional investors 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.