Battalion Oil (NYSE:BATL) Stock Price Up 14.4% – Time to Buy?

Shares of Battalion Oil Co. (NYSE:BATL) traded up 14.4% during mid-day trading on Monday . The company traded as high as $1.66 and last traded at $1.59. 780,495 shares were traded during mid-day trading, an increase of 928% from the average session volume of 75,925 shares. The stock had previously closed at $1.39.

Battalion Oil Trading Down 4.4 %

The firm has a market capitalization of $25.01 million, a PE ratio of -1.90 and a beta of 0.82. The firm has a fifty day moving average of $4.70 and a 200 day moving average of $4.35. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.47 and a current ratio of 0.47.

Hedge Funds Weigh In On Battalion Oil

A hedge fund recently raised its stake in Battalion Oil stock. Geode Capital Management LLC grew its stake in shares of Battalion Oil Co. (NYSE:BATL) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,205 shares of the company’s stock after acquiring 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 quarter. 86.01% of the stock is owned by institutional investors and hedge funds.

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.