Battalion Oil (NYSEAMERICAN:BATL) Director William Rogers Purchases 70,000 Shares

Battalion Oil Co. (NYSEAMERICAN:BATL) Director William Rogers bought 70,000 shares of the business’s 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 purchase, the director owned 72,000 shares in the company, valued at approximately $93,600. This trade represents a 3,500.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Battalion Oil Stock Performance

Battalion Oil stock traded down $0.02 during trading on Friday, reaching $1.31. 1,993,954 shares of the company’s stock were exchanged, compared to its average volume of 13,880,798. The company’s 50-day moving average is $1.43 and its two-hundred day moving average is $4.08. Battalion Oil Co. has a 52-week low of $1.00 and a 52-week high of $29.70. The firm has a market cap of $75.04 million, a price-to-earnings ratio of -0.26 and a beta of 0.43.

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

Institutional Investors Weigh In On Battalion Oil

A number of large investors have recently modified their holdings of BATL. BlackRock Inc. purchased a new stake in shares of Battalion Oil during the 2nd quarter valued at about $977,000. HighTower Advisors LLC purchased a new position in Battalion Oil in the 2nd quarter worth approximately $131,000. Geode Capital Management LLC boosted 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 acquiring an additional 21,737 shares during the period. Citadel Advisors LLC grew its position in Battalion Oil by 40.8% in the third quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock valued at $43,000 after acquiring an additional 10,189 shares in the last quarter. Finally, AlphaGrep UK Ltd acquired a new stake in Battalion Oil in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 86.01% of the company’s stock.

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.