Battalion Oil traded at $1.40 this Thursday June 4th, decreasing $0.14 or 9.09 percent since the previous trading session. Looking back, over the last four weeks, Battalion Oil lost 59.65 percent. Over the last 12 months, its price rose by 5.55 percent. Looking ahead, we forecast Battalion Oil to be priced at 1.51 by the end of this quarter and at 1.42 in one year, according to Trading Economics global macro models projections and analysts expectations.
Battalion Oil Corporation is an independent energy company. The Company is focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. The Company's principal properties consist of leasehold interests in developed and undeveloped oil and natural gas properties and the reserves associated with these properties. The Company has working interests in approximately 41,676 net acres in the Delaware Basin in Pecos, Reeves, Ward and Winkler Counties, Texas. The Company has approximately 113 operated wells producing in this area in addition to minor working interests in eight non-operated wells.