Why Antero Resource Stock Is Plunging Today
Shares of Antero Resources (NYSE: AR) and Antero Midstream (NYSE: AM) were each down by more than 10% as of 10:45 a.m. EST Thursday. Weighing on the natural gas stocks were their fourth-quarter results and outlooks for 2021.
Antero Resources reported an adjusted net loss of $0.03 per share for the fourth quarter, compared to analysts' consensus expectation for a $0.04 per share profit. Lower realized hedging gains and higher expenses were the primary reasons for those poorer-than-anticipated results.
Image source: Getty Images.
Source Fool.com
