Antero Plunges by Record Amount After Utica Disappoints
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Antero Resources Corp., an oil and natural gas producer that began trading in October, fell the most ever after cutting its production estimate for a section of its Utica Shale holdings.
Antero dropped 6.6 percent to $59.06 at the close in New York. Prior to today, shares had gained 44 percent since the Denver-based company’s public offering on Oct. 9.