September 10, 2019 - 9:19 AM EDT
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Why Antero Resources Stock Tumbled Another 31% in August

Shares of Antero Resources (NYSE: AR) plunged 31.2% in August, according to data provided by S&P Global Market Intelligence. That sell-off brought the energy company's year-to-date slide to more than 60%. Among the factors adding more weight to push the stock down were sinking oil prices and Antero's second-quarter report.

Antero Resources started August off on the wrong foot. The natural gas producer reported its second-quarter numbers at the end of July, which were a bit of a disappointment. The biggest issue was that the company posted an adjusted loss of $0.21 per share, which was $0.08 per share worse than analysts expected. While the company reported strong production growth and kept a lid on costs, weaker commodity prices negatively impacted earnings.

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Source: Motley Fool (September 10, 2019 - 9:19 AM EDT)

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