Symbols / BATL $1.32 -5.71% Battalion Oil Corporation

Energy • Oil & Gas E&P • United States • ASE
BATL Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
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Index EQUITY
Sector Energy
Industry Oil & Gas E&P
CEO Mr. Matthew B. Steele
Exch · Country ASE · United States
Market Cap 29.06M
Enterprise Value 426.71M
Income -36.83M
Sales 166.04M
FCF (ttm) -33.68M
Book/sh -1.99
Cash/sh 1.53
Employees 40
Insider 10d —
IPO Dec 24, 2019
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 5.74
PEG —
P/S 0.18
P/B -0.66
P/C —
EV/EBITDA 4.65
EV/Sales 2.57
Quick Ratio 0.63
Current Ratio 0.90
Debt/Eq 105.63
LT Debt/Eq —
EPS (ttm) -5.61
EPS next Y 0.23
EPS Growth —
Revenue Growth -35.00%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2023-08-21
Earnings (prior) 2023-08-21
ROA 5.56%
ROE 6.33%
ROIC —
Gross Margin 42.79%
Oper. Margin 29.76%
Profit Margin 7.15%
Shs Outstand 22.02M
Shs Float 13.31M
Insider Own 7.63%
Instit Own 37.48%
Short Float 82.85%
Short Ratio 0.43
Short Interest 3.28M
52W High 29.70
vs 52W High -95.56%
52W Low 1.00
vs 52W Low 32.00%
Beta 0.43
Impl. Vol. —
Rel Volume 0.20
Avg Volume 11.12M
Volume 2.20M
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $1.40
Price $1.32
Change -5.71%
About

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. The company holds interests in the Delaware Basin located in Pecos, Reeves, Ward, and Winkler counties in Texas. It also sells crude oil, natural gas, and natural gas liquids primarily to independent marketers, oil and natural gas companies, and gas pipeline companies. The company was formerly known as Halcón Resources Corporation and changed its name to Battalion Oil Corporation in January 2020. Battalion Oil Corporation was founded in 1987 and is headquartered in Houston, Texas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$1.32
Latest analyst target
3. DCF / Fair value
$-27.53
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.32
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2023-09-11 main Roth MKM Neutral → Neutral $19
2023-04-04 down Roth MKM Buy → Neutral $28
2022-08-29 init Roth Capital — → Buy $28
News
RSS: Latest BATL news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-31 LUMINUS MANAGEMENT L L C Beneficial Owner of more than 10% of a Class of Security — 1,890,482 $3.85 $8,625,138
2026-03-31 LUMINUS MANAGEMENT L L C Director and Beneficial Owner of more than 10% of a Class of Security — 1,890,482 $3.85 $8,625,138
2026-03-30 LUMINUS MANAGEMENT L L C Beneficial Owner of more than 10% of a Class of Security — 1,800,000 — —
2026-03-30 LUMINUS MANAGEMENT L L C Director and Beneficial Owner of more than 10% of a Class of Security — 1,800,000 — —
2026-03-27 MAYER WALTER R General Counsel — 4,777 $6.00 $28,662
2026-03-25 GEN IV INVESTMENT OPPORTUNITIES, LLC Beneficial Owner of more than 10% of a Class of Security — 2,369,769 $5.82 $13,793,477
2026-03-25 ROHLING DANIEL P. Chief Operating Officer — 22,258 $5.99 $157,228
2026-03-25 MARTIN CHARLES E Officer — 7,623 $5.25 $40,021
2025-03-05 MAYER WALTER R General Counsel — 2,214 $1.42 $3,144
2025-03-05 ROHLING DANIEL P. Chief Operating Officer — 6,641 $1.42 $9,430
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
166.04
-14.36%
193.89
-12.17%
220.76
-38.52%
359.06
Operating Revenue
164.96
-14.62%
193.22
-11.57%
218.50
-38.86%
357.40
Cost Of Revenue
113.24
-1.23%
114.65
-4.91%
120.58
-3.67%
125.18
Reconciled Cost Of Revenue
113.24
-1.23%
114.65
-4.91%
120.58
-3.67%
125.18
Gross Profit
52.80
-33.37%
79.24
-20.90%
100.18
-57.17%
233.89
Operating Expense
58.36
-19.47%
72.47
-12.26%
82.60
+1.04%
81.75
Selling General And Administration
14.62
-20.34%
18.36
-3.52%
19.02
+7.88%
17.64
General And Administrative Expense
14.62
-20.34%
18.36
-3.52%
19.02
+7.88%
17.64
Other Gand A
14.62
-20.34%
18.36
-3.52%
19.02
+7.88%
17.64
Other Operating Expenses
43.74
-19.17%
54.12
-14.88%
63.58
-0.85%
64.12
Total Expenses
171.61
-8.29%
187.13
-7.90%
203.18
-1.81%
206.93
Operating Income
-5.57
-182.25%
6.77
-61.52%
17.58
-88.44%
152.14
Total Operating Income As Reported
-6.64
+43.49%
-11.74
-166.80%
17.58
-88.44%
152.14
EBITDA
90.77
+152.14%
36.00
-58.57%
86.89
-7.60%
94.05
Normalized EBITDA
46.58
-21.97%
59.69
-19.56%
74.21
-63.63%
204.05
Reconciled Depreciation
52.14
-1.48%
52.93
-6.53%
56.62
+9.07%
51.91
EBIT
38.63
+328.21%
-16.93
-155.91%
30.27
-28.15%
42.13
Total Unusual Items
44.19
+286.52%
-23.69
-286.71%
12.69
+111.53%
-110.01
Total Unusual Items Excluding Goodwill
44.19
+286.52%
-23.69
-286.71%
12.69
+111.53%
-110.01
Special Income Charges
-1.07
+95.88%
-26.00
0.00
0.00
Other Special Charges
—
7.49
—
—
Impairment Of Capital Assets
1.07
-94.21%
18.51
0.00
—
Restructuring And Mergern Acquisition
—
—
—
—
Net Income
11.88
+137.26%
-31.88
-946.00%
-3.05
-116.44%
18.54
Pretax Income
11.88
+137.26%
-31.88
-946.00%
-3.05
-116.44%
18.54
Net Non Operating Interest Income Expense
-26.75
-78.84%
-14.96
+55.11%
-33.32
-41.24%
-23.59
Interest Expense Non Operating
26.75
+78.84%
14.96
-55.11%
33.32
+41.24%
23.59
Net Interest Income
-26.75
-78.84%
-14.96
+55.11%
-33.32
-41.24%
-23.59
Interest Expense
26.75
+78.84%
14.96
-55.11%
33.32
+41.24%
23.59
Other Income Expense
44.19
+286.52%
-23.69
-286.71%
12.69
+111.53%
-110.01
Gain On Sale Of Security
45.26
+1861.14%
2.31
-81.81%
12.69
+111.53%
-110.01
Tax Provision
0.00
0.00
0.00
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
11.88
+137.26%
-31.88
-946.00%
-3.05
-116.44%
18.54
Net Income From Continuing And Discontinued Operation
11.88
+137.26%
-31.88
-946.00%
-3.05
-116.44%
18.54
Net Income Continuous Operations
11.88
+137.26%
-31.88
-946.00%
-3.05
-116.44%
18.54
Normalized Income
-32.31
-294.53%
-8.19
+47.96%
-15.74
-112.24%
128.54
Net Income Common Stockholders
-36.83
+42.55%
-64.10
-324.65%
-15.10
-181.42%
18.54
Otherunder Preferred Stock Dividend
—
0.00
0.00
—
Diluted EPS
-2.24
+42.56%
-3.90
-323.91%
-0.92
-182.14%
1.12
Basic EPS
-2.24
+42.56%
-3.90
-323.91%
-0.92
-180.70%
1.14
Basic Average Shares
16.46
+0.00%
16.46
+0.10%
16.44
+0.67%
16.33
Diluted Average Shares
16.46
+0.00%
16.46
+0.10%
16.44
-0.42%
16.51
Diluted NI Availto Com Stockholders
-36.83
+42.55%
-64.10
-324.65%
-15.10
-181.42%
18.54
Average Dilution Earnings
—
0.00
0.00
—
Other Taxes
—
—
—
—
Preferred Stock Dividends
48.71
+51.17%
32.22
+167.44%
12.05
—
Line Item Trend 2022-12-31
Total Assets
485.36
Current Assets
88.17
Cash Cash Equivalents And Short Term Investments
32.73
Cash And Cash Equivalents
32.73
Receivables
37.97
Accounts Receivable
37.97
Other Receivables
—
Prepaid Assets
0.71
Restricted Cash
0.43
Hedging Assets Current
16.24
Other Current Assets
0.07
Total Non Current Assets
397.19
Net PPE
388.99
Gross PPE
780.99
Accumulated Depreciation
-392.00
Properties
776.21
Other Properties
4.79
Investments And Advances
1.56
Long Term Equity Investment
1.56
Non Current Accounts Receivable
—
Other Non Current Assets
1.27
Total Liabilities Net Minority Interest
400.73
Current Liabilities
165.03
Payables And Accrued Expenses
89.79
Payables
69.72
Accounts Payable
42.92
Other Payable
26.80
Current Accrued Expenses
20.07
Pensionand Other Post Retirement Benefit Plans Current
2.30
Current Debt And Capital Lease Obligation
43.42
Current Debt
35.07
Other Current Borrowings
35.07
Current Capital Lease Obligation
8.36
Other Current Liabilities
29.29
Total Non Current Liabilities Net Minority Interest
235.71
Long Term Debt And Capital Lease Obligation
182.68
Long Term Debt
182.68
Long Term Capital Lease Obligation
0.00
Long Term Provisions
15.24
Other Non Current Liabilities
4.14
Stockholders Equity
84.63
Common Stock Equity
84.63
Capital Stock
0.00
Common Stock
0.00
Preferred Stock
0.00
Share Issued
16.34
Ordinary Shares Number
16.34
Additional Paid In Capital
334.57
Retained Earnings
-249.94
Total Equity Gross Minority Interest
84.63
Total Capitalization
267.30
Working Capital
-76.86
Invested Capital
302.37
Total Debt
226.10
Net Debt
185.02
Capital Lease Obligations
8.36
Net Tangible Assets
84.63
Tangible Book Value
84.63
Current Provisions
0.23
Derivative Product Liabilities
33.65
Financial Assets
5.38
Interest Payable
0.16
Investmentsin Joint Venturesat Cost
1.56
Preferred Shares Number
0.22
Preferred Stock Equity
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
39.09
+10.56%
35.35
+101.01%
17.59
-77.68%
78.80
Cash Flow From Continuing Operating Activities
39.09
+10.56%
35.35
+101.01%
17.59
-77.68%
78.80
Depreciation Amortization Depletion
52.14
-1.48%
52.93
-6.53%
56.62
+9.07%
51.91
Other Non Cash Items
1.93
-71.42%
6.74
-15.44%
7.97
+72.31%
4.63
Stock Based Compensation
-0.11
-171.71%
0.15
+114.21%
-1.07
-148.42%
2.21
Asset Impairment Charge
1.07
-94.21%
18.51
0.00
—
Operating Gains Losses
-31.27
-489.04%
-5.31
+77.63%
-23.73
-33.50%
-17.77
Gain Loss On Investment Securities
-31.27
-144.32%
-12.80
+46.07%
-23.73
-33.50%
-17.77
Change In Working Capital
3.44
+159.51%
-5.79
+69.81%
-19.16
-199.38%
19.28
Change In Receivables
14.46
+622.93%
-2.77
-117.66%
15.66
+2536.03%
0.59
Changes In Account Receivables
14.46
+622.93%
-2.77
-117.66%
15.66
+2536.03%
0.59
Change In Prepaid Assets
0.09
+221.33%
-0.07
-137.13%
0.20
-13.68%
0.23
Change In Payables And Accrued Expense
-11.11
-277.02%
-2.95
+91.59%
-35.02
-289.78%
18.45
Investing Cash Flow
-74.95
-14.53%
-65.44
-26.23%
-51.84
+58.90%
-126.13
Cash Flow From Continuing Investing Activities
-74.95
-14.53%
-65.44
-26.23%
-51.84
+58.90%
-126.13
Net PPE Purchase And Sale
0.00
-100.00%
6.97
+41.37%
4.93
+1384.64%
0.33
Purchase Of PPE
0.00
+100.00%
-0.05
0.00
—
Sale Of PPE
0.00
-100.00%
7.01
+42.32%
4.93
+1384.64%
0.33
Capital Expenditure
-74.57
-15.27%
-64.69
-39.31%
-46.44
+63.32%
-126.62
Capital Expenditure Reported
-74.57
-15.35%
-64.65
-39.20%
-46.44
+63.32%
-126.62
Net Other Investing Changes
-0.38
+95.10%
-7.76
+24.87%
-10.33
-6439.26%
0.16
Financing Cash Flow
44.11
+670.83%
-7.73
-113.09%
59.06
+85.80%
31.79
Cash Flow From Continuing Financing Activities
44.11
+670.83%
-7.73
-113.09%
59.06
+85.80%
31.79
Net Issuance Payments Of Debt
46.03
+220.78%
-38.11
-8.59%
-35.09
-199.97%
35.10
Issuance Of Debt
63.00
-61.11%
162.00
0.00
-100.00%
35.20
Repayment Of Debt
-16.97
+91.52%
-200.11
-470.22%
-35.09
-36840.00%
-0.10
Long Term Debt Issuance
63.00
-61.11%
162.00
0.00
-100.00%
35.20
Long Term Debt Payments
-16.97
+91.52%
-200.11
-470.22%
-35.09
-36840.00%
-0.10
Net Long Term Debt Issuance
46.03
+220.78%
-38.11
-8.59%
-35.09
-199.97%
35.10
Net Other Financing Charges
-1.92
+77.20%
-8.40
-1746.15%
-0.46
+86.29%
-3.32
Changes In Cash
8.25
+121.82%
-37.82
-252.47%
24.80
+259.58%
-15.54
Beginning Cash Position
19.80
-65.63%
57.62
+75.58%
32.82
-32.14%
48.36
End Cash Position
28.06
+41.68%
19.80
-65.63%
57.62
+75.58%
32.82
Free Cash Flow
-35.48
-20.93%
-29.34
-1.69%
-28.85
+39.67%
-47.82
Interest Paid Supplemental Data
27.23
+22.01%
22.32
-22.26%
28.71
+44.03%
19.93
Depletion
52.14
-1.48%
52.93
-6.53%
56.62
+9.07%
51.91
Issuance Of Capital Stock
0.00
-100.00%
38.78
-59.01%
94.61
0.00
Net Preferred Stock Issuance
0.00
-100.00%
38.78
-59.01%
94.61
0.00
Preferred Stock Issuance
0.00
-100.00%
38.78
-59.01%
94.61
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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