5 Best Multi-Bagger Stocks to Buy Now

4. Antero Resources Corporation (NYSE:AR)

12-Month Returns as of August 2: 179.73%

Antero Resources Corporation (NYSE:AR) is a hydro-carbon exploration company with all of its reserves in the Appalachian Basin. The company’s reserves contain natural gas, ethane, natural gas liquids, and petroleum. As of August 2, the company stock made a giant leap of almost 179.73% in the last 12 months.

Antero Resources Corporation (NYSE:AR) announced its Q2 2022 results on July 27. The company reported a non-GAAP net income of $563 million. The company generated a revenue of $2.2 billion representing a 349.5% YoY growth and outperforming analyst estimates by $380 million. Furthermore, net cash provided by operating activities was $923 million and non-GAAP FCF of $664 million was recorded. The company also repurchased stock worth $247 million and reduced its total debt by $383 million.

On July 19, Mizuho analyst Vincent Lovaglio lowered the price target of Antero Resources Corporation (NYSE:AR) to $53 from 59, while Truist analyst Neal Dingmann raised the firm’s price target to $58 from $50. However, both of the analysts maintained a Buy rating on the company shares.