Battalion Oil (NYSE:BATL) Stock Price Down 0.6% – Should You Sell?

Shares of Battalion Oil Co. (NYSE:BATL) were down 0.6% during trading on Thursday . The company traded as low as $1.71 and last traded at $1.72. Approximately 47,972 shares changed hands during trading, a decline of 63% from the average daily volume of 128,353 shares. The stock had previously closed at $1.73.

Battalion Oil Stock Performance

The stock has a market cap of $26.67 million, a price-to-earnings ratio of -2.02 and a beta of 0.95. The company’s fifty day simple moving average is $2.17 and its two-hundred day simple moving average is $3.87. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.47 and a quick ratio of 0.47.

Battalion Oil (NYSE:BATL) last posted its earnings results on Tuesday, November 12th. The company reported ($1.31) earnings per share for the quarter. The business had revenue of $45.27 million during the quarter. Battalion Oil had a negative return on equity of 137.74% and a net margin of 12.02%.

Institutional Investors Weigh In On Battalion Oil

An institutional investor recently raised its position in Battalion Oil stock. Geode Capital Management LLC grew its position in Battalion Oil Co. (NYSE:BATL) by 5.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,205 shares of the company’s stock after purchasing an additional 1,949 shares during the period. Geode Capital Management LLC owned about 0.23% of Battalion Oil worth $248,000 at the end of the most recent reporting period. 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.