Battalion Oil (NYSEAMERICAN:BATL) Releases Earnings Results

Battalion Oil (NYSEAMERICAN:BATL) issued its earnings results on Wednesday. The company reported ($0.11) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $48.13 million during the quarter.

Battalion Oil Price Performance

Battalion Oil stock traded up $0.04 during midday trading on Friday, hitting $1.38. 2,005,335 shares of the company were exchanged, compared to its average volume of 14,543,218. Battalion Oil has a fifty-two week low of $1.00 and a fifty-two week high of $29.70. The company’s fifty day moving average price is $1.43 and its 200-day moving average price is $4.23. The company has a market cap of $30.28 million, a PE ratio of -0.27 and a beta of 0.43.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. XTX Topco Ltd boosted its stake in shares of Battalion Oil by 74.7% in the fourth quarter. XTX Topco Ltd now owns 31,627 shares of the company’s stock valued at $36,000 after purchasing an additional 13,523 shares during the period. Citadel Advisors LLC increased its stake in Battalion Oil by 40.8% during the 3rd quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock worth $43,000 after buying an additional 10,189 shares during the period. Geode Capital Management LLC lifted its holdings in Battalion Oil by 50.4% in the 4th quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock worth $73,000 after buying an additional 21,737 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in Battalion Oil in the 1st quarter worth $99,000. Finally, BlackRock Inc. acquired a new position in Battalion Oil in the 2nd quarter worth $977,000. 86.01% of the stock is owned by institutional investors and hedge funds.

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.