GAM Holding AG Acquires New Stake in Battalion Oil Co. $BATL

GAM Holding AG acquired a new stake in shares of Battalion Oil Co. (NYSE:BATL) in the second quarter, HoldingsChannel reports. The institutional investor acquired 115,000 shares of the company’s stock, valued at approximately $148,000.

Separately, Tabor Asset Management LP bought a new position in Battalion Oil during the 1st quarter valued at approximately $83,000. 86.01% of the stock is owned by hedge funds and other institutional investors.

Battalion Oil Stock Up 5.5%

BATL stock opened at $1.16 on Friday. Battalion Oil Co. has a twelve month low of $1.00 and a twelve month high of $6.89. 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 firm has a market cap of $19.09 million, a PE ratio of -1.45 and a beta of 0.80. The business has a 50 day moving average of $1.14 and a 200 day moving average of $1.31.

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.