Battalion Oil (NYSE:BATL) Shares Up 1.6%

Battalion Oil Co. (NYSE:BATL) shares shot up 1.6% during trading on Tuesday . The stock traded as high as $5.83 and last traded at $5.63. 20,942 shares traded hands during trading, a decline of 79% from the average session volume of 101,019 shares. The stock had previously closed at $5.54.

Battalion Oil Price Performance

The stock has a 50 day simple moving average of $5.70 and a two-hundred day simple moving average of $6.59. The company has a market cap of $92.67 million, a price-to-earnings ratio of -5.99 and a beta of 0.99. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.67 and a quick ratio of 0.67.

Battalion Oil (NYSE:BATL) last announced its quarterly earnings results on Friday, March 29th. The company reported ($1.01) EPS for the quarter. Battalion Oil had a negative net margin of 1.38% and a negative return on equity of 32.62%. The business had revenue of $47.24 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd purchased a new position in Battalion Oil during the 4th quarter worth approximately $481,000. Crystalline Management Inc. purchased a new position in Battalion Oil during the 4th quarter worth approximately $528,000. EHP Funds Inc. acquired a new stake in Battalion Oil during the 4th quarter worth approximately $766,000. PenderFund Capital Management Ltd. acquired a new stake in Battalion Oil during the 4th quarter worth approximately $495,000. Finally, Beryl Capital Management LLC acquired a new stake in Battalion Oil during the 4th quarter worth approximately $3,608,000. Hedge funds and other institutional investors 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.