Battalion Oil (NYSE:BATL) Releases Quarterly Earnings Results

Battalion Oil (NYSE:BATL) posted its earnings results on Monday. The company reported ($1.88) earnings per share for the quarter, RTT News reports. Battalion Oil had a net margin of 12.02% and a negative return on equity of 137.74%.

Battalion Oil Stock Performance

BATL stock traded up $0.01 during midday trading on Monday, hitting $1.30. 59,809 shares of the company traded hands, compared to its average volume of 67,426. The business has a 50 day simple moving average of $1.57 and a 200-day simple moving average of $3.41. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 2.65. Battalion Oil has a twelve month low of $1.05 and a twelve month high of $7.08. The stock has a market capitalization of $21.39 million, a price-to-earnings ratio of -1.62 and a beta of 0.98.

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.