Battalion Oil (NYSEAMERICAN:BATL) Trading Up 0.5% - Should You Buy?

Key Points

• Trading at $4.04, Battalion Oil was up 0.5% midday with about 14.6M shares traded and a market cap of $86.7M; its 50‑day moving average ($8.32) sits well above the current price while the 200‑day MA is $3.85.
• The company reported a quarterly loss of ($1.16) EPS on $32.27M in revenue and carries a negative P/E of -1.81, signaling it is currently unprofitable.
• Insider selling has been heavy — insiders sold 4,260,251 shares (~$22.4M) in the last 90 days (including large director sales) even though insiders own 62% and institutional investors own 86% of the stock.

Battalion Oil Co. (NYSEAMERICAN:BATL - Get Free Report) was up 0.5% during mid-day trading on Thursday . The company traded as high as $4.37 and last traded at $4.04. Approximately 14,586,731 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 15,354,674 shares. The stock had previously closed at $4.02.

Battalion Oil Trading Up 0.5%

The stock has a market cap of $86.74 million, a price-to-earnings ratio of -1.81 and a beta of 0.76. The stock's 50-day moving average price is $8.32 and its 200-day moving average price is $3.85.

Battalion Oil (NYSEAMERICAN:BATL - Get Free Report) last issued its quarterly earnings results on Monday, March 23rd. The company reported ($1.16) earnings per share (EPS) for the quarter. The firm had revenue of $32.27 million for the quarter.

Insider Buying and Selling

In related news, Director Luminus Management Llc sold 1,209,377 shares of the business's stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $3.98, for a total transaction of $4,813,320.46. Following the transaction, the director owned 2,006,508 shares in the company, valued at $7,985,901.84. The trade was a 37.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gen Iv Investment Opportunitie sold 2,369,769 shares of the business's stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $5.82, for a total transaction of $13,792,055.58. The SEC filing for this sale provides additional information. Insiders sold a total of 4,260,251 shares of company stock worth $22,412,753 in the last 90 days. Corporate insiders own 62.00% of the company's stock.

Institutional Trading of Battalion Oil

Several institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC grew its stake in shares of Battalion Oil by 40.8% in the 3rd 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. XTX Topco Ltd lifted its holdings in Battalion Oil by 74.7% during 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 last quarter. Finally, Geode Capital Management LLC lifted its holdings in Battalion Oil by 50.4% during the fourth quarter. Geode Capital Management LLC now owns 64,862 shares of the company's stock valued at $73,000 after purchasing an additional 21,737 shares during the last quarter. Institutional investors 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. The company was formerly known as Halcón Resources Corporation and changed its name to Battalion Oil Corporation in January 2020.

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