Battalion Oil (NYSEAMERICAN:BATL) Stock Price Up 1% – Should You Buy?

Battalion Oil Co. (NYSEAMERICAN:BATL – Get Free Report)’s stock price traded up 1% during mid-day trading on Monday. The stock traded as high as $1.08 and last traded at $1.06. 2,698,836 shares traded hands during trading, a decline of 48% from the average session volume of 5,146,598 shares. The stock had previously closed at $1.05.

Battalion Oil Trading Down 1.4%

The firm has a 50 day moving average of $1.33 and a 200-day moving average of $2.80. The company has a market cap of $61.00 million, a P/E ratio of -0.21 and a beta of 0.45.

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Battalion Oil (NYSEAMERICAN:BATL – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $48.13 million during the quarter.

Insider Buying and Selling at Battalion Oil

In related news, Director William Rogers bought 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $1.30 per share, for a total transaction of $91,000.00. Following the completion of the transaction, the director 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 acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 41.30% of the company’s stock.

Institutional Trading of Battalion Oil

A number of institutional investors and hedge funds have recently bought and sold shares of BATL. Baader Bank Aktiengesellschaft bought a new position in shares of Battalion Oil during the 1st quarter valued at about $99,000. Susquehanna International Group LLP bought a new stake in shares of Battalion Oil in the second quarter worth about $38,000. AlphaGrep UK Ltd purchased a new stake in shares of Battalion Oil in the second quarter worth about $43,000. HighTower Advisors LLC purchased a new stake in shares of Battalion Oil in the second quarter worth about $131,000. Finally, BlackRock Inc. bought a new position in Battalion Oil during the second quarter valued at approximately $977,000. 86.01% of the stock is currently owned by institutional investors.

About Battalion Oil

(Get Free Report)

Battalion Oil Corporation is an independent energy company engaged in the acquisition, development, exploration and production of onshore oil and natural gas properties. Its operations are focused primarily on crude oil, natural gas and natural gas liquids produced from unconventional formations.

The company’s activities are concentrated in the Delaware Basin, a major oil and gas producing region within the Permian Basin of West Texas and southeastern New Mexico. Battalion Oil operates and develops acreage in this region using horizontal drilling and hydraulic fracturing techniques.

Headquartered in Houston, Texas, Battalion Oil was formerly known as Halcón Resources Corporation and adopted its current name following a corporate restructuring.

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