5 Most Undervalued Natural Gas Stocks To Buy According To Hedge Funds

4. Antero Resources Corporation (NYSE:AR)

Number of Hedge Fund Holders: 65

P/E Ratio as of January 20: 4.53

Antero Resources Corporation (NYSE:AR) is a Colorado-based independent oil and natural gas company that acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. It is one of the most undervalued natural gas stocks to invest in according to hedge funds. 

On January 9, Mizuho analyst Nithin Kumar initiated  coverage of Antero Resources Corporation (NYSE:AR) with a Buy rating and a price target of $51, up from $47. Management has successfully navigated the commodity downcycle and reduced balance sheet leverage since 2020, the analyst told investors in a research note.

According to Insider Monkey’s data, 65 hedge funds were bullish on Antero Resources Corporation (NYSE:AR) at the end of September 2022, compared to 64 funds in the prior quarter. D E Shaw is the biggest stakeholder of the company, with 3.7 million shares worth $114.2 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.”