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Date | Price Target | Rating | Analyst |
---|---|---|---|
4/4/2023 | $28.00 | Buy → Neutral | ROTH MKM |
8/29/2022 | $28.00 | Buy | ROTH Capital |
4 - BATTALION OIL CORP (0001282648) (Issuer)
4 - BATTALION OIL CORP (0001282648) (Issuer)
4 - BATTALION OIL CORP (0001282648) (Issuer)
HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company")) today announced financial and operating results for the third quarter of 2024. Key Highlights AGI facility online and treated 1.7 Bcf for the third quarter 2024Vermejo (a Monument Draw two-well pad) has been completed and is flowing backNext Monument Draw pad wells scheduled to spud prior to year-endGenerated third quarter 2024 sales volumes of 12,076 Boe/dAmended the previously announced Merger Agreement with Fury reducing the purchase price to $7.00 per share and requiring all of the existing preferred equity holders to roll over 100% of their preferred equity Management Com
Houston, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL) ("Battalion" or the "Company") announced today that it has entered into an amendment to the previously disclosed Agreement and Plan of Merger (as amended, the "Merger Agreement") with Fury Resources, Inc. ("Buyer" or "Parent"), pursuant to which Parent has agreed to acquire all of the outstanding shares of Common Stock of the Company (the "Common Stock") for $7.00 per share in cash, without interest (the "Merger Consideration"). The holders of all of the outstanding shares of the Preferred Stock of the Company, Luminus Management, LLC ("Luminus"), Gen IV Investment Opportunities, LLC, and funds and acc
HOUSTON, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today announced financial and operating results for the second quarter of 2024. Key Highlights AGI facility online and treated 1.82 Bcf for the second quarter 2024 reducing operating expenses by $4.26/Boe compared to the first quarter 2024On August 12, 2024, the AGI facility processed 26.6 MMcf/d which allowed the Company to return wells to production and realize approximately 7,500 Bbls of oil per day (approximately 13,500 Boe/d) net productionDrilled and brought two additional wells on production in Monument Draw in the second quarter 2024 with the next two-well pad to be co
Houston, April 03, 2023 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSEA: BATL, "Battalion" or the "Company") today announced the resignation of Richard Little who plans to pursue other opportunities and the appointment of Matt Steele as Chief Executive Officer of the Company effective immediately. Jonathan Barrett, Battalion's Chairman of the Board commented, "Matt brings to Battalion extensive E&P experience including capital allocation, operations and internal value creation. I am pleased to welcome Matt to the Company and the Board. His executive and board experience will allow us to thrive in the next phase of Battalion. I would also like to thank Rich for his contribution
HOUSTON, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSEA: BATL, "Battalion" or the "Company") today announced the appointment of Kristen McWatters as Executive Vice President, Chief Financial Officer and Treasurer of the Company effective January 26, 2023, replacing Kevin Andrews, who plans to pursue other opportunities. Mr. Andrews will continue with the Company in an advisory role through the end of the first quarter. Rich Little, Battalion's Chief Executive Officer commented, "Kristen brings to Battalion a strong public accounting experience along with hands on experience in M&A, forecasting and capital management. I am pleased to welcome Kristen to the tea
8-K - BATTALION OIL CORP (0001282648) (Filer)
8-K - BATTALION OIL CORP (0001282648) (Filer)
10-Q - BATTALION OIL CORP (0001282648) (Filer)
HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company")) today announced financial and operating results for the third quarter of 2024. Key Highlights AGI facility online and treated 1.7 Bcf for the third quarter 2024Vermejo (a Monument Draw two-well pad) has been completed and is flowing backNext Monument Draw pad wells scheduled to spud prior to year-endGenerated third quarter 2024 sales volumes of 12,076 Boe/dAmended the previously announced Merger Agreement with Fury reducing the purchase price to $7.00 per share and requiring all of the existing preferred equity holders to roll over 100% of their preferred equity Management Com
HOUSTON, March 29, 2024 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today announced financial and operating results for the fourth quarter of 2023. Key Highlights Approximately 41,000 net acres, 91% HBP in three contiguous blocks across Ward, Winkler and Pecos Counties with substantial remaining location inventoryBrought previously announced AGI project online in Q1 2024 treating over 20 MMcf/dRecommenced drilling operations in Monument Draw in Q4 2023 to execute a six well program Completed two wells in Q4 2023, brought online in Q1 2024 under budget with strong initial resultsDrilled two additional wells in Q1 2024, curren
HOUSTON, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE:BATL, "Battalion" or the "Company"))) today announced financial and operating results for the third quarter of 2023. Key Highlights Generated third quarter 2023 sales volumes of 12,717 barrels of oil equivalent per day ("Boe/d")Continued robust production results from our most recent completed wellsRecommenced drilling operations in Monument DrawExecuted a $38.0 million preferred equity raise in September 2023 and obtained commitments for an additional $55.0 million preferred equity in November 2023 to support incremental activity plansContinued to explore strategic alternatives Management Comme
ROTH MKM downgraded Battalion Oil Corp. from Buy to Neutral and set a new price target of $28.00
ROTH Capital initiated coverage of Battalion Oil Corp. with a rating of Buy and set a new price target of $28.00
SC 13D/A - BATTALION OIL CORP (0001282648) (Subject)
SC 13D/A - BATTALION OIL CORP (0001282648) (Subject)
SC 13D/A - BATTALION OIL CORP (0001282648) (Subject)
Battalion Oil (AMEX:BATL) reported quarterly losses of $(1.01) per share. This is a 531.25 percent decrease over losses of $(0.16) per share from the same period last year. The company reported $47.24 million in sales this quarter. This is a 38.49 percent decrease over sales of $76.80 million the same period last year.
Acid gas injection ("AGI") well is projected to be injecting by end of the first quarter 2024Recent two well pad was drilled and completed under budget and the wells have IP'd above type curve at 1,964 BOEPD and 1,711 BOEPD respectively (71% oil) with production still incliningApproximately $61MM cash on hand to fund operationsAdditional equity commitment of $20MM uncalled at current timeRecently announced merger with Fury anticipated to close as outlined in the Merger Agreement