Dan Loeb is Buying These 3 Stocks for the Rest of 2022

1. Antero Resources Corp (NYSE:AR)

Third Point’s Stake Value: $103.992 million

Percentage of Third Point’s 13F Portfolio: 2.46%

Number of Hedge Fund Holders: 64

Antero Resources Corp (NYSE:AR) touched the peak of its popularity among the hedge funds tracked by Insider Monkey during the most recent quarter, as a total of 64 hedge funds are holding a stake in Antero. Dan Loeb’s Third Point acquired 3.39 million shares of Antero Resources Corp (NYSE:AR) during Q2, valuing $103.99 million. Due to its lower valuation and the potential for even higher sustained sales prices, Antero Resources seems to be a reliable long-term natural gas investment.

Risk considerations for Antero in the medium term include the erratic nature of relations between the EU and Russia and uncertainty surrounding the US economy. The stock has gained a 52.28% value during the past six months and 126.06% year to date. As per the latest quarterly earnings report, Antero Resources Corp (NYSE:AR) reported an EPS GAAP actual of $2.29 and brought in revenue valued at $2.20 billion, both above the market consensus.

Analyst Vincent Lovaglio from Mizuho cut his price target for Antero Resources Corp (NYSE:AR) from $53 to $49 while maintaining a Buy rating on the stock. The analyst claims that after the Q2 results, his larger thesis for the exploration and production industry remains valid. According to Lovaglio, Antero Resources Corp (NYSE:AR) represents a reasonably attractive value when compared to the larger market because structural undersupply, driven by multi-year underinvestment, should continue to sustain higher than anticipated commodity prices and better than anticipated cash returns.

You can also check out: Simon Sadler’s Segantii Capital is Bullish on These 10 Stocks and 7 Best Stocks to Buy According to Stephen Feinberg’s Cerberus Capital Management 

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