Battalion Oil (NYSEAMERICAN:BATL) Director Acquires 70,000 Shares

Key Points

• Battalion Oil director William Rogers purchased 70,000 shares at an average price of $1.30, investing $91,000 and increasing his direct ownership to 72,000 shares.
• BATL shares traded near $1.31, with a market capitalization of approximately $75 million; the stock has ranged from $1.00 to $29.70 over the past year and remains well below its 200-day moving average.
• The company reported a quarterly loss of $0.11 per share on $48.13 million in revenue, while institutional investors own approximately 86.01% of the outstanding stock.

Battalion Oil Co. (NYSEAMERICAN:BATL - Get Free Report) Director William Rogers purchased 70,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average price of $1.30 per share, for a total transaction of $91,000.00. Following the completion of the transaction, the director directly owned 72,000 shares of the company's stock, valued at approximately $93,600. The trade was a 3,500.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Battalion Oil Stock Performance

Battalion Oil stock traded down $0.02 during midday trading on Friday, reaching $1.31. 1,993,954 shares of the company were exchanged, compared to its average volume of 13,880,798. The company has a market capitalization of $75.04 million, a price-to-earnings ratio of -0.26 and a beta of 0.43. The firm's 50-day simple moving average is $1.43 and its 200-day simple moving average is $4.08. Battalion Oil Co. has a 1 year low of $1.00 and a 1 year high of $29.70.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Battalion Oil in the second quarter valued at $977,000. HighTower Advisors LLC acquired a new stake in Battalion Oil during the second quarter worth about $131,000. Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 21,737 shares during the period. Citadel Advisors LLC raised its holdings 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 purchasing an additional 10,189 shares during the period. Finally, AlphaGrep UK Ltd acquired a new position in shares of Battalion Oil in the 2nd quarter valued at about $43,000. 86.01% of the stock is owned by hedge funds and other institutional investors.

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.

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