5 Best Momentum Stocks To Invest In

4. Antero Resources Corporation (NYSE:AR)

YTD Return as of October 20: 97.24%

Number of Hedge Fund Holders: 19

Antero Resources Corporation (NYSE:AR) is an American oil and natural gas company. At the close of Q2 2022, Antero Resources Corporation (NYSE:AR) was spotted on 19 hedge fund portfolios. These funds held stakes of $121.35 million in the company, up from $115.88 million in the previous quarter with 17 positions. The hedge fund sentiment for the stock is positive.

This August, Mizuho analyst Vincent Lovaglio revised his price target on Antero Resources Corporation (NYSE:AR) to $49 from $53 and maintained a Buy rating on the shares. On October 19, Jefferies analyst Lloyd Byrne took coverage of Antero Resources Corporation (NYSE:AR) with a Buy rating and a $47 price target.

Antero Resources Corporation (NYSE:AR) is trading cheaply relative to earnings and is presenting an optimal buying opportunity for investors. As of October 20, the stock is trading at a PE multiple of 11x and has gained 97.24% year to date. The company has free cash flows of over $2.1 billion and is one of the best momentum stocks to buy now.

As of June 30, Point State Capital is the top investor in Antero Resources Corporation (NYSE:AR) and has stakes worth $129.85 million in the company.