In the current trading session, Battalion Oil Corp’s (BATL) stock is trading at the price of $6.46, a gain of 119.73% over last night’s close. So, the stock is trading at a price that is -33.33% less than its 52-week high of $9.69 and 160.48% better than its 52-week low of $2.48. Based on the past 30-day period, the stock price is -1.37% below the high and +160.48% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, BATL’s SMA-200 is $5.48.
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It is also essential to consider BATL stock ratios like the price-to-sales ratio, which is 0.53 for the last year.BATL’s price to book ratio for the most recent quarter was 4.69, resulting in an 1.94 price to cash per share for the period.
How does Battalion Oil Corp (BATL) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 0 brokerage firms that recommend the stock as a Strong Sell. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 0.00 in simple terms.
Battalion Oil Corp (BATL): Earnings History
If we examine Battalion Oil Corp’s recent earnings history, in the last quarter ended on 6/30/2023, it posted adjusted earnings per share of -$0.35, slashing the consensus of -$0.35. In other words, it beat the consensus by $0, resulting in a 0.00% surprise. In the 3 months period before the previous quarter which was closed on 6/30/2023, the stock recorded adjusted earnings per share of -$0.35 in contrast with the Outlook of -$0.35. That was a difference of $0 and a surprise of 0.00%.
Battalion Oil Corp (AMEX: BATL) Ownership Details
I will give a breakdown of the key shareholders in Battalion Oil Corp (BATL). Recent figures show that the company’s insiders hold 0.73% of shares. A total of 47 institutional investors hold shares in the company, making 81.04% of its stock and 81.64% of its float.
Jun 30, 2024 , it was reported that the Company’s largest institutional holder is Luminus Management, LLC holding total of 6.15 shares that make 37.96% of the company’s total number of shares and are currently priced at 39.77 million.
The securities firm Oaktree Capital Management Lp holds 3.01 shares of BATL, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 18.58% , and the holding percentage of shares is valued at 19.46 million.
An overview of Battalion Oil Corp’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Battalion Oil Corp (BATL) traded 77,144 shares per day, with a moving average of $3.25 and price change of +2.95. With the moving average of $3.42 and a price change of +2.62, about 37,628 shares changed hands on average over the past 50 days. Finally, BATL’s 100-day average volume is 25,388 shares, alongside a moving average of $4.16 and a price change of +1.21.
