Why Is Battalion Oil Stock Down 40% Today?

Battalion Oil stock is showing notable weakness. Why are BATL shares down?Earnings Miss And Revenue Drop Pressure Battalion OilBattalion reported an adjusted fourth-quarter loss of $1.16 per share, compared with a loss of 4 cents per share in the same period last year. Revenue fell 35% year over year to $32.27 million from $49.65 million.The company said fourth-quarter average daily production declined to 11,207 barrels of oil equivalent per day, down from 12,750 Boe/d a year earlier, while total operating ...