5 Affordable Blue Chip Stocks To Buy Now

Antero Resources Corp (NYSE:AR) is an energy company based in Colorado, which deals in the production and marketing of oil, natural gas, natural gas liquids across the United States. The company has surged 174.86% in the last 12 months, and 114.55% in the year to date as of June 14, positioning it as one of the best affordable blue chip stocks to buy with shares priced at roughly $43.

Hedge fund sentiment was up on Antero Resources Corp (NYSE:AR) in the first quarter of 2022, where 53 hedge funds were stakeholders in the company with combined positions worth $1.37 billion. In comparison, 46 hedge funds owned stakes in the energy company a quarter ago.

On April 25, Raymond James analyst John Freeman kept a ‘Strong Buy’ rating on Antero Resources Corp (NYSE:AR) shares, and bumped the price target to $52 from $38. The company remains Freeman’s favorite natural gas/natural gas liquids exposed stock, who sees an improved free cash flow outlook as a result of the rise in energy prices.