Alpine Global Management LLC Purchases New Holdings in Battalion Oil Co. (NYSE:BATL)

Alpine Global Management LLC bought a new position in shares of Battalion Oil Co. (NYSE:BATL) during the first quarter, HoldingsChannel reports. The firm bought 25,000 shares of the company’s stock, valued at approximately $142,000.

A number of other large investors also recently bought and sold shares of the company. CM Management LLC lifted its holdings in Battalion Oil by 20.0% during the 1st quarter. CM Management LLC now owns 130,000 shares of the company’s stock worth $736,000 after buying an additional 21,700 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Battalion Oil during the 4th quarter worth approximately $481,000. PenderFund Capital Management Ltd. bought a new position in Battalion Oil during the 4th quarter worth approximately $495,000. Crystalline Management Inc. acquired a new stake in shares of Battalion Oil during the 4th quarter worth approximately $528,000. Finally, EHP Funds Inc. acquired a new stake in shares of Battalion Oil during the 4th quarter worth approximately $766,000. Institutional investors own 86.01% of the company’s stock.

Battalion Oil Stock Performance

Shares of Battalion Oil stock traded up $0.13 on Friday, reaching $3.63. 15,528 shares of the company were exchanged, compared to its average volume of 5,441. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.05. The company’s 50-day moving average is $4.45 and its two-hundred day moving average is $5.66. Battalion Oil Co. has a 1-year low of $3.12 and a 1-year high of $9.69.

Battalion Oil (NYSE:BATL) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($1.04) earnings per share for the quarter. The company had revenue of $49.87 million for the quarter. Battalion Oil had a negative return on equity of 70.13% and a negative net margin of 27.77%.

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.