Battalion Oil (NYSE:BATL) Trading 15.8% Higher – Here’s Why

Shares of Battalion Oil Co. (NYSE:BATL) traded up 15.8% on Friday . The company traded as high as $1.32 and last traded at $1.32. 108,822 shares were traded during trading, an increase of 64% from the average session volume of 66,539 shares. The stock had previously closed at $1.14.

Battalion Oil Trading Up 15.8 %

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 business has a fifty day simple moving average of $1.64 and a 200 day simple moving average of $3.45. The stock has a market capitalization of $21.72 million, a price-to-earnings ratio of -1.65 and a beta of 0.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BATL. Alpine Global Management LLC grew its holdings in Battalion Oil by 80.3% in the 4th quarter. Alpine Global Management LLC now owns 125,000 shares of the company’s stock valued at $215,000 after buying an additional 55,678 shares in the last quarter. Gabelli Funds LLC bought a new stake in shares of Battalion Oil during the 4th quarter valued at $83,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Battalion Oil during the 4th quarter valued at $59,000. XTX Topco Ltd bought a new stake in shares of Battalion Oil during the 4th quarter valued at $33,000. Finally, Geode Capital Management LLC lifted its position in shares of Battalion Oil by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 37,205 shares of the company’s stock valued at $248,000 after acquiring an additional 1,949 shares during the period. 86.01% of the stock is owned by institutional investors and hedge funds.

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.