Battalion Oil Corp (BATL) Stock Could Soon Reward Patient Investors

Battalion Oil Corp (AMEX: BATL) is 59.30% higher on its value in year-to-date trading and has touched a low of $1.05 and a high of $6.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BATL stock was last observed hovering at around $1.64 in the last trading session, with the day’s gains setting it 1.1%.

Currently trading at $2.74, the stock is 91.65% and 104.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 44.13 million and changing 67.07% at the moment leaves the stock -4.50% off its SMA200. BATL registered -48.30% loss for a year compared to 6-month loss of -13.29%.

The stock witnessed a 110.77% gain in the last 1 month and extending the period to 3 months gives it a 132.20%, and is 106.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 22.83% over the week and 11.71% over the month.

Battalion Oil Corp (BATL) has around 38 employees, a market worth around $45.09M and $191.07M in sales. Profit margin for the company is -20.83%. Distance from 52-week low is 160.95% and -60.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.35%).

Battalion Oil Corp (BATL) Top Institutional Holders

The shares outstanding are 16.46M, and float is at 13.97M with Short Float at 2.23%.

The top institutional shareholder in the company is LUMINUS MANAGEMENT LLC with over 6.15 million shares valued at $20.55 million. The investor’s holdings represent 37.3789% of the BATL Shares outstanding. As of 2024-06-30, the second largest holder is OAKTREE CAPITAL MANAGEMENT LP with 3.01 million shares valued at $10.05 million to account for 18.2896 of the shares outstanding. The other top investors are LSP INVESTMENT ADVISORS, LLC which holds 2.37 million shares representing 14.3998% and valued at over $7.92 million, while VANGUARD GROUP INC holds 1.721 of the shares totaling 0.28 million with a market value of $0.95 million.