Insider Buying: Battalion Oil Co. (NYSE:BATL) COO Buys 4,000 Shares of Stock

Battalion Oil Co. (NYSE:BATL) COO Daniel P. Rohling bought 4,000 shares of the stock in a transaction on Tuesday, September 14th. The shares were bought at an average price of $8.50 per share, with a total value of $34,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of BATL opened at $7.83 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 6.89. The stock has a fifty day moving average price of $11.63 and a 200-day moving average price of $12.14. Battalion Oil Co. has a 12 month low of $6.50 and a 12 month high of $14.82. The firm has a market cap of $127.38 million, a PE ratio of -0.45 and a beta of 1.59.

Battalion Oil (NYSE:BATL) last announced its quarterly earnings results on Monday, August 9th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Battalion Oil had a negative return on equity of 9.46% and a negative net margin of 140.49%. The company had revenue of $64.37 million for the quarter.

Several large investors have recently bought and sold shares of the company. Bridgeway Capital Management LLC lifted its stake in Battalion Oil by 20.2% in the 2nd quarter. Bridgeway Capital Management LLC now owns 59,600 shares of the company’s stock valued at $799,000 after buying an additional 10,000 shares in the last quarter. State Street Corp purchased a new position in Battalion Oil in the 2nd quarter valued at about $240,000. Renaissance Technologies LLC purchased a new position in Battalion Oil in the 2nd quarter valued at about $284,000. Northern Trust Corp lifted its stake in Battalion Oil by 36.3% in the 2nd quarter. Northern Trust Corp now owns 24,218 shares of the company’s stock valued at $325,000 after buying an additional 6,454 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Battalion Oil by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 50,255 shares of the company’s stock worth $673,000 after purchasing an additional 3,841 shares in the last quarter. Hedge funds and other institutional investors own 85.25% 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. As of December 31, 2020, the company held interests in 41,676 net acres in the Delaware Basin located in the counties of Pecos, Reeves, Ward, and Winkler, Texas.

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