Battalion Oil (BATL)
XASE:BATL
Top Page
Battalion Oil
(NYSE MKT:BATL)
Select Model
Select Model
Rating:49Neutral
Price Target:
$3.50
▲(189.26% Upside)
Action:ReiteratedDate:04/03/26
The score is weighed down primarily by weak financial performance (declining revenue, volatile profitability, and negative equity despite improved debt) and bearish technicals (price far below key moving averages with negative MACD). A very low P/E and recent deleveraging/portfolio moves provide partial support but do not fully offset the elevated fundamental risk.
Positive Factors
Deleveraging & fresh capital
The asset sale plus a $40M mandatory prepayment and a $15M private placement meaningfully reduced near-term leverage and raised liquidity. That structural cleanup improves covenant headroom, lowers refinancing risk and increases flexibility to fund prioritized drilling and sustain operations over the next several quarters.
Negative Factors
Negative shareholders' equity
Negative equity is a material structural weakness: it constrains access to traditional capital markets, can trigger lender or covenant sensitivities, and often forces dilutive equity raises or asset sales to rebuild balance sheet capacity. This reduces strategic optionality over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging & fresh capital
The asset sale plus a $40M mandatory prepayment and a $15M private placement meaningfully reduced near-term leverage and raised liquidity. That structural cleanup improves covenant headroom, lowers refinancing risk and increases flexibility to fund prioritized drilling and sustain operations over the next several quarters.
Read all positive factors
Battalion Oil (BATL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$67.28M
Dividend YieldN/A
Average Volume (3M)76.58K
Price to Earnings (P/E)1.6
Beta (1Y)0.02
Revenue Growth-4.08%
EPS Growth-325.73%
CountryUS
Employees38
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.76
Shares Outstanding18,741,564
10 Day Avg. Volume34,050
30 Day Avg. Volume76,575
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.10
Price to Sales (P/S)0.11
P/FCF Ratio-0.52
Enterprise Value/Market Cap6.88
Enterprise Value/Revenue2.80
Enterprise Value/Gross Profit25.96
Enterprise Value/Ebitda6.43
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Battalion Oil Business Overview & Revenue Model
Company Description
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. As of December 31, 2021, the company held interests in 40,40...
How the Company Makes Money
Battalion Oil makes money primarily by producing and selling hydrocarbons—crude oil, natural gas, and NGLs—from its operated and non-operated wells. Revenue is generated when produced volumes are sold to purchasers (e.g., refiners/marketers/midstr...
Battalion Oil Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
28
Negative
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 164.96M | 193.89M | 220.76M | 359.06M | 285.20M |
| Gross Profit | 17.82M | 79.24M | 100.18M | 233.89M | 180.28M |
| EBITDA | 45.50M | 36.00M | 86.89M | 94.05M | 25.11M |
| Net Income | 11.88M | -31.88M | -3.05M | 18.54M | -28.32M |
Balance Sheet | |||||
| Total Assets | 460.68M | 431.05M | 485.34M | 485.36M | 390.27M |
| Cash, Cash Equivalents and Short-Term Investments | 27.96M | 19.71M | 57.53M | 32.73M | 48.75M |
| Total Debt | 430.57M | 165.87M | 197.88M | 218.09M | 182.37M |
| Total Liabilities | 493.47M | 249.39M | 310.78M | 400.73M | 326.56M |
| Stockholders Equity | 193.45M | 181.66M | 174.56M | 84.63M | 63.70M |
Cash Flow | |||||
| Free Cash Flow | -35.48M | -29.34M | -28.85M | -47.82M | 15.64M |
| Operating Cash Flow | 39.09M | 35.35M | 17.59M | 78.80M | 68.57M |
| Investing Cash Flow | -74.95M | -65.44M | -51.84M | -126.13M | -51.91M |
| Financing Cash Flow | 44.11M | -7.73M | 59.06M | 31.79M | 27.41M |
Battalion Oil Technical Analysis
Negative
1.21
Price Trends
8.21
Negative
4.74
Negative
2.98
Positive
Market Momentum
-2.02
Positive
37.76
Neutral
15.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BATL, the sentiment is Negative. The current price of 1.21 is below the 20-day moving average (MA) of 8.78, below the 50-day MA of 8.21, and below the 200-day MA of 2.98, indicating a neutral trend. The MACD of -2.02 indicates Positive momentum. The RSI at 37.76 is Neutral, neither overbought nor oversold. The STOCH value of 15.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BATL.
Battalion Oil Peers Comparison
UnderperformOutperform
Sector (65)
BATL
Battalion Oil
3.59
2.38
196.69%
BRN
Barnwell
1.03
-0.34
-24.82%
MXC
Mexco Energy
9.25
2.29
32.98%
MTR
Mesa Royalty
4.71
>-0.01
-0.06%
Battalion Oil Corporate Events
Business Operations and StrategyExecutive/Board Changes
Battalion Oil Directors Resign as Board Pursues Independence
Neutral
Apr 3, 2026
On March 30, 2026, Battalion Oil director David Chang notified the board of his decision to resign, including from his role as chairman of the compensation committee and as a member of the reserves committee, effective March 31, 2026. In his resig...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Battalion Oil Reports Q4 Loss Amid Portfolio Reshaping
Negative
Mar 23, 2026
Battalion Oil Corporation reported its fourth‑quarter 2025 results on March 23, 2026, posting average production of 11,207 Boe/d and operating revenue of $32.3 million, down from 12,750 Boe/d and $49.7 million a year earlier as lower realize...
Business Operations and StrategyM&A Transactions
Battalion Oil Expands Monument Draw Position With Acquisition
Positive
Mar 19, 2026
On March 19, 2026, Battalion Oil Corporation closed an all-stock acquisition of 7,090 net acres in Ward County, Texas, from RoadRunner Resource Holding LLC, issuing 485,000 common shares to complete the deal effective March 1, 2026. The acquired a...
Business Operations and StrategyM&A Transactions
Battalion Oil Expands Ward County Acreage in Stock Deal
Positive
Mar 13, 2026
On March 10, 2026, Battalion Oil Corporation agreed to acquire approximately 7,090 net acres of oil and gas assets in Ward County, Texas, from RoadRunner Resource Holding LLC in an all-stock deal valued at 485,000 common shares. The acreage, effec...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Battalion Oil Raises $15 Million in Private Placement
Positive
Mar 9, 2026
On March 3, 2026, Battalion Oil Corporation entered into a securities purchase agreement with a new institutional investor to raise approximately $15 million through a private placement of 1.8 million common shares and pre-funded warrants to buy u...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Battalion Oil Closes West Quito Draw Asset Sale
Positive
Feb 25, 2026
On February 24, 2026, Battalion Oil’s subsidiary Halcón Holdings entered into a limited consent and third amendment to its senior secured credit agreement with a syndicate of lenders led by Fortress Credit Corp., enabling the sale of th...
Business Operations and StrategyFinancial Disclosures
Battalion Oil Shifts Gas Processing, Boosts January Production
Positive
Jan 23, 2026
On January 19, 2026, Battalion Oil Corporation terminated its gas treating agreement with Wink Amine Treater after the latter’s acid gas injection facility, offline since about August 11, 2025, failed to resume operations, and the company fo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.