Shares of Battalion Oil Co. (NYSE:BATL - Get Free Report) shot up 1.7% during mid-day trading on Tuesday . The company traded as high as $6.15 and last traded at $6.09. 103,471 shares changed hands during trading, a decline of 18% from the average session volume of 126,201 shares. The stock had previously closed at $5.99.
Battalion Oil Stock Down 2.3 %
The company has a market cap of $97.92 million, a PE ratio of -6.33 and a beta of 0.97. The business has a 50-day simple moving average of $6.06 and a 200-day simple moving average of $6.62. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.76.
Hedge Funds Weigh In On Battalion Oil
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Beryl Capital Management LLC purchased a new position in shares of Battalion Oil in the fourth quarter valued at approximately $3,608,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Battalion Oil in the fourth quarter valued at approximately $495,000. EHP Funds Inc. acquired a new stake in shares of Battalion Oil in the fourth quarter valued at approximately $766,000. Crystalline Management Inc. acquired a new stake in shares of Battalion Oil in the fourth quarter valued at approximately $528,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Battalion Oil in the fourth quarter valued at approximately $481,000. Hedge funds and other institutional investors own 86.01% of the company's stock.
About Battalion Oil
(
Get Free Report)
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, Reeves, Ward, and Winkler, Texas. The company was formerly known as Halcón Resources Corporation and changed its name to Battalion Oil Corporation in January 2020.
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