We recently published 10 Big Names Get Slammed. Antero Resources Corporation is one of the biggest losers on Monday.
Antero Resources fell by 10.47 percent on Monday, a second day, to end at $32.51 apiece as investors were disheartened by the continued weakness in natural gas prices.
Based on data from Bloomberg, US natural gas futures were down by 0.03 percent $3.32/MMBtu, reversing some of last week’s gains due to higher supply and weak demand from the cooling weather.
Month-to-date, prices of natural gas prices are down by 3 percent, while year-to-date also marked a decline of 15.4 percent.
Antero Resources Corporation, an independent natural gas company, stands to face revenue pressure from the lower natural gas prices.
A fleet of tanker trucks transporting oil and natural gas, amidst the backdrop of open fields.
In a statement posted on its website, Antero Resources Corporation said it will release the results of its second quarter earnings performance after market close next week, July 30. A conference call will follow to elaborate on the financial and operational highlights.
