Zacks Initiates Coverage of Battalion Oil With Underperform Recommendation [Yahoo! Finance]
Battalion Oil Corporation (BATL)
Company Research
Source: Yahoo! Finance
This decision reflects ongoing challenges in the company's operations and financial metrics. Battalion Oil's financial performance has been under pressure, with the first quarter of 2024 continuing a troubling trend. The company's operating revenues fell 23.3% year over year to $49.9 million on lower production volumes and reduced realized prices. Average daily production decreased to 12,989 Boe/d in the first quarter of 2024 from 16,200 Boe/d a year earlier, significantly affecting its revenue-generating capability. Additionally, operating expenses surged, with lease operating costs increasing from $8.94/Boe in the first quarter of 2023 to $10.55/Boe in the first quarter of 2024, exacerbated by inflation and maintenance costs. Gathering expenses also rose sharply due to midstream disruptions, adding to the strain on profitability. The research report highlights several challenges that could hamper Battalion Oil's growth. One of the critical issues facing BATL is its high debt-t
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BATL
News
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DO, SRCL, BATL, SGE on Behalf of ShareholdersPR Newswire
- Lifshitz Law PLLC Announces Investigations of BATL, DO, SGE, and SRCLAccesswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HCP, BATL on Behalf of ShareholdersAccesswire
- Kuehn Law Encourages BATL, DRQ, PRFT, and RPHM Investors to Contact Law FirmGlobeNewswire
- BATL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Battalion Oil Corporation Is Fair to ShareholdersBusiness Wire
BATL
Sec Filings
- 6/20/24 - Form SC
- 6/20/24 - Form SC
- 6/11/24 - Form DEFA14A
- BATL's page on the SEC website