Battalion Oil's Q4 Earnings Miss and Revenue Drop Send Shares Down 40%

Battalion Oil Corp reported a Q4 loss of $1.16 per share, compared to a loss of 4 cents per share in the same period last year. Revenue fell 35% YoY to $32.27 million. The company attributed the decline to a drop in realized prices and lower production volumes. BATL shares are down 43.33% at $5.18.