Battalion Oil (NYSE:BATL) Trading Down 0.8% – Should You Sell?

Battalion Oil Co. (NYSE:BATL) shares were down 0.8% during trading on Thursday . The stock traded as low as $1.19 and last traded at $1.22. Approximately 99,464 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 158,676 shares. The stock had previously closed at $1.23.

Battalion Oil Stock Performance

The stock has a 50-day moving average of $1.17 and a 200 day moving average of $1.18. The firm has a market capitalization of $20.08 million, a P/E ratio of -1.52 and a beta of 0.70. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.47 and a current ratio of 0.47.

Institutional Trading of Battalion Oil

An institutional investor recently bought a new position in Battalion Oil stock. GAM Holding AG purchased a new stake in Battalion Oil Co. (NYSE:BATL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 115,000 shares of the company’s stock, valued at approximately $148,000. GAM Holding AG owned about 0.70% of Battalion Oil as of its most recent SEC filing. 86.01% of the stock is currently owned by institutional investors.

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. 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.