Battalion Oil (NYSEAMERICAN:BATL) Issues Quarterly Earnings Results

Battalion Oil (NYSEAMERICAN:BATL) issued its quarterly earnings results on Wednesday. The company reported ($0.93) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $39.17 million during the quarter.

Battalion Oil Trading Down 8.7%

NYSEAMERICAN BATL traded down $0.24 during trading hours on Wednesday, reaching $2.52. 3,537,526 shares of the company traded hands, compared to its average volume of 13,958,933. Battalion Oil has a 12 month low of $1.00 and a 12 month high of $29.70. The stock has a market capitalization of $54.10 million, a PE ratio of -1.13 and a beta of 0.64. The company has a 50 day moving average of $8.22 and a two-hundred day moving average of $4.05.

Insider Buying and Selling

In related news, Director Gen Iv Investment Opportunitie sold 2,369,769 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $5.82, for a total value of $13,792,055.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Luminus Management Llc sold 1,209,377 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $3.98, for a total value of $4,813,320.46. Following the completion of the sale, the director owned 2,006,508 shares in the company, valued at approximately $7,985,901.84. This represents a 37.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 4,260,251 shares of company stock worth $22,412,753. 62.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Battalion Oil

Several hedge funds have recently made changes to their positions in the business. Baader Bank Aktiengesellschaft acquired a new position in shares of Battalion Oil in the 1st quarter worth $99,000. Geode Capital Management LLC boosted its holdings in shares of Battalion Oil by 50.4% in the fourth 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 during the period. XTX Topco Ltd increased its position 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 worth $36,000 after acquiring an additional 13,523 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in shares of Battalion Oil by 40.8% in the third quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock worth $43,000 after acquiring an additional 10,189 shares in the last quarter. 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.