Battalion Oil (NYSEAMERICAN:BATL) Stock Falls 6.9% – What’s Next?

Battalion Oil Co. (NYSEAMERICAN:BATL)’s share price fell 6.9% during mid-day trading on Tuesday. The company traded as low as $0.6724 and last traded at $0.6982. Approximately 2,242,072 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 4,071,343 shares. The stock had previously closed at $0.7496.

Battalion Oil Price Performance

The firm’s 50-day moving average price is $1.03 and its 200 day moving average price is $3.29. The firm has a market cap of $42.96 million, a P/E ratio of -0.15 and a beta of 0.49.

Battalion Oil (NYSEAMERICAN:BATL) last announced its quarterly earnings data on Thursday, November 12th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $45.64 million during the quarter.

Insider Activity at Battalion Oil

In other news, Director William Rogers purchased 70,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of $1.30 per share, for a total transaction of $91,000.00. Following the acquisition, the director owned 72,000 shares of the company’s stock, valued at $93,600. The trade was a 3,500.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 41.30% of the company’s stock.

Institutional Investors Weigh In On Battalion Oil

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Battalion Oil in the second quarter worth $977,000. HighTower Advisors LLC bought a new stake in Battalion Oil during the second quarter valued at $131,000. AlphaGrep UK Ltd bought a new stake in Battalion Oil during the second quarter valued at $43,000. Susquehanna International Group LLP acquired a new stake in shares of Battalion Oil during the second quarter worth $38,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Battalion Oil during the first quarter worth $99,000. 86.01% of the stock is owned by institutional investors and hedge funds.

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.