5 Best Mid-Cap Stocks To Buy Now

2. Antero Resources Corporation (NYSE:AR)

Number of Hedge Fund Holders: 65

Market Cap as of February 6: $8.248 billion 

Antero Resources Corporation (NYSE:AR) was founded in 2002 and is headquartered in Denver, Colorado. It is an independent oil and natural gas company that acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil in the United States. On January 24, Wells Fargo analyst Roger Read started covering Antero Resources Corporation (NYSE:AR) with a positive outlook, giving the company an Overweight rating and setting a price target of $34. Although there is currently an oversupply of natural gas in the US which may cause short-term challenges, the company’s advantage is its integrated midstream operations. Wells Fargo believes Antero Resources Corporation (NYSE:AR) will have low single-digit growth with minimal capital expenditure in 2023.

According to Insider Monkey’s third quarter database, 65 hedge funds were bullish on Antero Resources Corporation (NYSE:AR), compared to 64 funds in the last quarter. D E Shaw is the biggest position holder in the company, with 3.7 million shares worth $114.18 million. 

TimesSquare Capital made the following comment about Antero Resources Corporation (NYSE:AR) in its Q3 2022 investor letter:

“New to the portfolio this quarter is Antero Resources Corporation (NYSE:AR), a natural gas focused exploration and production company with operations in Pennsylvania and Ohio. The continued buildout of U.S. liquefied natural gas stems from utility plants switching from coal to natural gas and European demand.”