Battalion Oil (BATL)
XASE:BATL
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Battalion Oil
(NYSE MKT:BATL)
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Rating:51Neutral
Price Target:
$2.50
▲(106.61% Upside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by weak/volatile profitability and bearish technical momentum (price below major moving averages with negative MACD). These are partly offset by a strengthened balance sheet, improving free cash flow, and corporate actions that improved liquidity and reduced debt while expanding the core asset base.
Positive Factors
Balance-sheet deleveraging
Material deleveraging and a sizable equity base improve financial flexibility and reduce interest burden, supporting sustained capital allocation to drilling and operations. This structural improvement lowers refinancing risk, aids compliance (NYSE listing), and strengthens lender confidence over the medium term.
Negative Factors
Weak, volatile profitability
Sustained net losses and negative margins reflect high sensitivity to commodity prices and non-cash items (e.g., unrealized derivative losses). Persistent profitability volatility undermines retained earnings growth, constrains reinvestment capacity, and limits consistency of returns to shareholders across market cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet deleveraging
Material deleveraging and a sizable equity base improve financial flexibility and reduce interest burden, supporting sustained capital allocation to drilling and operations. This structural improvement lowers refinancing risk, aids compliance (NYSE listing), and strengthens lender confidence over the medium term.
Read all positive factors
Battalion Oil (BATL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$43.60M
Dividend YieldN/A
Average Volume (3M)76.58K
Price to Earnings (P/E)―
Beta (1Y)-0.43
Revenue Growth-18.02%
EPS Growth-131.87%
CountryUS
Employees38
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-5.60
Shares Outstanding22,018,848
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 Cap0.19
Enterprise Value/Revenue0.05
Enterprise Value/Gross Profit0.11
Enterprise Value/Ebitda0.11
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 primarily makes money by selling the crude oil, natural gas, and natural gas liquids (NGLs) produced from its operated and non-operated wells. Revenue is driven mainly by (1) production volumes (how many barrels of oil and volumes of...
Battalion Oil Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 157.53M | 164.96M | 193.89M | 220.76M | 359.06M | 285.20M |
| Gross Profit | 73.43M | 17.82M | 79.24M | 100.18M | 233.89M | 180.28M |
| EBITDA | 76.22M | 45.50M | 36.00M | 86.89M | 94.05M | 25.11M |
| Net Income | -50.62M | 11.88M | -31.88M | -3.05M | 18.54M | -28.32M |
Balance Sheet | ||||||
| Total Assets | 412.37M | 460.68M | 431.05M | 485.34M | 485.36M | 390.27M |
| Cash, Cash Equivalents and Short-Term Investments | 46.37M | 27.96M | 19.71M | 57.53M | 32.73M | 48.75M |
| Total Debt | 23.19M | 189.82M | 165.87M | 197.88M | 218.09M | 182.37M |
| Total Liabilities | 255.25M | 267.23M | 249.39M | 310.78M | 400.73M | 326.56M |
| Stockholders Equity | 157.12M | 193.45M | 181.66M | 174.56M | 84.63M | 63.70M |
Cash Flow | ||||||
| Free Cash Flow | 39.67M | -35.48M | -29.34M | -28.85M | -47.82M | 15.64M |
| Operating Cash Flow | 28.46M | 39.09M | 35.35M | 17.59M | 78.80M | 68.57M |
| Investing Cash Flow | 1.60M | -74.95M | -65.44M | -51.84M | -126.13M | -51.91M |
| Financing Cash Flow | -49.39M | 44.11M | -7.73M | 59.06M | 31.79M | 27.41M |
Battalion Oil Technical Analysis
Negative
1.21
Price Trends
5.01
Negative
5.36
Negative
3.25
Negative
Market Momentum
-0.80
Negative
32.31
Neutral
6.72
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 2.87, below the 50-day MA of 5.01, and below the 200-day MA of 3.25, indicating a bearish trend. The MACD of -0.80 indicates Negative momentum. The RSI at 32.31 is Neutral, neither overbought nor oversold. The STOCH value of 6.72 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)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $17.92M | 100.88 | 6.59% | 0.96% | -3.34% | -5.63% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
51 Neutral | $43.60M | -0.30 | -38.74% | ― | -18.02% | -131.87% | |
51 Neutral | $15.66M | -2.35 | -77.96% | ― | -36.07% | 1.03% | |
46 Neutral | $5.58M | -0.09 | -69.23% | ― | -22.13% | -238.13% |
* Energy Sector Average
BATL
Battalion Oil
1.89
0.56
42.21%
BRN
Barnwell
1.11
-0.18
-13.95%
MXC
Mexco Energy
9.14
2.39
35.35%
MTR
Mesa Royalty
3.88
-0.90
-18.86%
VIVK
Vivakor
1.38
-143.66
-99.05%
Battalion Oil Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and FinancingRegulatory Filings and Compliance
Battalion Oil Reshapes Portfolio With West Quito Divestiture
Neutral
May 13, 2026
In the first quarter of 2026, Battalion Oil reported average production of 12,578 Boe/d, up from late 2025 levels, while operating revenue fell year-on-year to $39.2 million as weaker realized commodity prices more than offset higher volumes. The ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Battalion Oil Establishes $150 Million At-the-Market Program
Neutral
May 5, 2026
On May 5, 2026, Battalion Oil Corporation entered into a sales agreement with Roth Capital Partners that allows the company, at its discretion, to issue and sell up to $150 million of common stock from time to time through at-the-market transactio...
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...
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.