Battalion Oil (NYSE:BATL) Stock Price Up 15.8% – What’s Next?

Battalion Oil Co. (NYSE:BATL)’s share price rose 15.8% during mid-day trading on Friday . The company traded as high as $1.32 and last traded at $1.32. Approximately 108,822 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 66,539 shares. The stock had previously closed at $1.14.

Battalion Oil Stock Performance

The stock’s 50-day moving average price is $1.64 and its 200-day moving average price is $3.45. The company has a market cap of $21.72 million, a P/E ratio of -1.65 and a beta of 0.98. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.47 and a quick ratio of 0.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in Battalion Oil by 5.5% in the third quarter. Geode Capital Management LLC now owns 37,205 shares of the company’s stock valued at $248,000 after purchasing an additional 1,949 shares in the last quarter. XTX Topco Ltd acquired a new position in Battalion Oil in the fourth quarter valued at about $33,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Battalion Oil in the fourth quarter valued at about $59,000. Gabelli Funds LLC acquired a new position in Battalion Oil in the fourth quarter valued at about $83,000. Finally, Alpine Global Management LLC raised its stake in Battalion Oil by 80.3% in the fourth quarter. Alpine Global Management LLC now owns 125,000 shares of the company’s stock valued at $215,000 after purchasing an additional 55,678 shares in the last quarter. Institutional investors and hedge funds 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.