Battalion OilNYSE American: BATL

Discover why Zacks rates Battalion Oil (BATL) as "Underperform," being the first on Wall Street to initiate coverage on the stock. Explore its financial struggles and operational challenges in 1Q24, with high debt and declining production impacting prospects.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Battalion Oil Corporation (NYSE American: BATL) to Fury Resources, Inc. for $9.80 per share in cash is fair to Battalion shareholders. Halper Sadeh encourages Battalion shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected]. The investigation concerns w.

Battalion Oil secured commitments for another $55 million in preferred equity. This is expected to help fund additional development, while allowing Battalion to make its scheduled term loan repayments. Preferred equity could total $166 million by its November 2025 term loan maturity.

Battalion Oil Corporation (BATL) came out with a quarterly loss of $0.42 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to loss of $0.01 per share a year ago.

Investors should allocate money to companies whose operations are directly correlated with oil prices. Oceaneering (OII), Ecopetrol (EC) and Battalion Oil (BATL) are now well-poised to gain.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Battalion Oil Corporation (BATL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Battalion's acid gas injection project is online and Battalion believes the cost savings could be up to $2.5 million per month after full ramp up. It also has cut cash G&A costs by approximately $6 million per year. However, Battalion's interest costs still hamper its ability to quickly pay down its debt.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.