Battalion Oil (NYSE:BATL) Shares Up 14.4% – Time to Buy?

Battalion Oil Co. (NYSE:BATL)’s stock price rose 14.4% during trading on Monday . The company traded as high as $1.66 and last traded at $1.59. Approximately 780,495 shares were traded during trading, an increase of 928% from the average daily volume of 75,925 shares. The stock had previously closed at $1.39.

Battalion Oil Stock Up 14.4 %

The stock has a market cap of $26.17 million, a price-to-earnings ratio of -1.99 and a beta of 0.82. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.47 and a current ratio of 0.47. The firm’s 50-day simple moving average is $4.90 and its two-hundred day simple moving average is $4.40.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Battalion Oil stock. CM Management LLC raised its holdings in shares of Battalion Oil Co. (NYSE:BATL) by 7.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. CM Management LLC owned 0.85% of Battalion Oil worth $468,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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.