Battalion Oil (NYSE:BATL) Issues Earnings Results

Battalion Oil (NYSE:BATL) announced its quarterly 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%. During the same period in the prior year, the firm earned $1.63 earnings per share.

Battalion Oil Stock Performance

Battalion Oil stock opened at $1.34 on Wednesday. The stock has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $3.38. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $22.05 million, a price-to-earnings ratio of -1.67 and a beta of 0.98. Battalion Oil has a 12-month low of $1.05 and a 12-month high of $7.08.

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.