Battalion Oil (NYSE:BATL) Shares Down 0.1% – What’s Next?

Battalion Oil Co. (NYSE:BATL)’s stock price dropped 0.1% on Wednesday . The stock traded as low as $6.70 and last traded at $6.70. Approximately 8,803 shares were traded during trading, a decline of 86% from the average daily volume of 63,297 shares. The stock had previously closed at $6.71.

Battalion Oil Price Performance

The company has a 50 day moving average of $5.91 and a 200-day moving average of $4.85. The firm has a market capitalization of $108.45 million, a P/E ratio of -8.25 and a beta of 0.98. The company has a current ratio of 0.47, a quick ratio of 0.55 and a debt-to-equity ratio of 2.65.

Battalion Oil (NYSE:BATL) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.80) earnings per share (EPS) for the quarter. The company had revenue of $49.10 million for the quarter. Battalion Oil had a negative return on equity of 137.74% and a net margin of 12.02%.

Hedge Funds Weigh In On Battalion Oil

A number of institutional investors have recently modified their holdings of BATL. CM Management LLC grew its holdings in Battalion Oil by 7.7% during the 2nd quarter. CM Management LLC now owns 140,000 shares of the company’s stock worth $468,000 after acquiring an additional 10,000 shares during the period. Alpine Global Management LLC bought a new position in shares of Battalion Oil during the 1st quarter worth $142,000. Finally, Virtu Financial LLC purchased a new position in shares of Battalion Oil in the first quarter worth about $608,000. Institutional investors and hedge funds 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.