5 Best High Beta Stocks To Buy Now

2. Antero Resources Corporation (NYSE:AR)

Number of Hedge Fund Holders: 64

Beta Value: 3.62

Antero Resources Corporation (NYSE:AR) is a Colorado-based independent oil and natural gas company that operates in the Appalachian Basin and the Upper Devonian Shale in the United States. On October 17, Antero Resources Corporation (NYSE:AR) stock gained 4.9% on the news that the energy stock is joining the S&P MidCap 400 index. It is one of the best high beta stocks to invest in. 

On October 19, Jefferies analyst Lloyd Byrne initiated coverage of Antero Resources Corporation (NYSE:AR) with a Buy rating and a $47 price target. He believes the “Option Value” of energy is up again, supported by a restricted capital cycle. While this is most pronounced in oil & gas, it is also prominent in energy transition names, said the analyst. 

According to Insider Monkey’s Q2 data, 64 hedge funds were long Antero Resources Corporation (NYSE:AR), compared to 53 funds in the earlier quarter. Zach Schreiber’s Point State Capital is the biggest stakeholder in the company, with 4.2 million shares worth $130 million.