The 36-month beta value for BATL is at 1.13. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for BATL is 13.96M, and currently, shorts hold a 0.11% of that float. The average trading volume for BATL on September 20, 2024 was 14.81K shares.
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BATL) stock’s latest price update
Battalion Oil Corp (AMEX: BATL)’s stock price has dropped by -3.61 in relation to previous closing price of 3.05. Nevertheless, the company has seen a loss of -0.68% in its stock price over the last five trading days. globenewswire.com reported 2024-09-19 that Houston, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: 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 accounts managed by Oaktree Capital Management, L.P. (“Oaktree”), or their respective affiliates (collectively, the “Rollover Stockholders”), have agreed to contribute to Buyer all of their shares of Preferred Stock of the Company in exchange for new preferred shares of Buyer at a valuation based on the redemption value of such Company Preferred Stock.
BATL’s Market Performance
Battalion Oil Corp (BATL) has experienced a -0.68% fall in stock performance for the past week, with a -17.18% drop in the past month, and a -8.41% drop in the past quarter. The volatility ratio for the week is 7.79%, and the volatility levels for the past 30 days are at 7.67% for BATL. The simple moving average for the past 20 days is -6.34% for BATL’s stock, with a -46.42% simple moving average for the past 200 days.
Analysts’ Opinion of BATL
Many brokerage firms have already submitted their reports for BATL stocks, with ROTH MKM repeating the rating for BATL by listing it as a “Neutral.” The predicted price for BATL in the upcoming period, according to ROTH MKM is $28 based on the research report published on April 04, 2023 of the previous year 2023.
ROTH Capital, on the other hand, stated in their research note that they expect to see BATL reach a price target of $28. The rating they have provided for BATL stocks is “Buy” according to the report published on August 29th, 2022.
BATL Trading at -13.12% from the 50-Day Moving Average
After a stumble in the market that brought BATL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -69.66% of loss for the given period.
Volatility was left at 7.67%, however, over the last 30 days, the volatility rate increased by 7.79%, as shares sank -18.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.27% lower at present.
During the last 5 trading sessions, BATL fell by -0.68%, which changed the moving average for the period of 200-days by -42.01% in comparison to the 20-day moving average, which settled at $3.11. In addition, Battalion Oil Corp saw -69.41% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BATL
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.27 for the gross margin
The net margin for Battalion Oil Corp stands at -0.26. The total capital return value is set at 0.03. Equity return is now at value -85.94, with -11.39 for asset returns.
Based on Battalion Oil Corp (BATL), the company’s capital structure generated 0.93 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 13.85. The interest coverage ratio of the stock is 0.36.
Currently, EBITDA for the company is 71.95 million with net debt to EBITDA at 4.18. When we switch over and look at the enterprise to sales, we see a ratio of 1.54. The receivables turnover for the company is 8.02for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
Conclusion
In conclusion, Battalion Oil Corp (BATL) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
