Is Antero Resources (AR) Standing Strong Amid Market Decline?

We recently published a list of 10 Firms Stand Strong Amid Market Decline. In this article, we are going to take a look at where Antero Resources (NYSE:AR) stands against other firms stand strong amid market decline.

The US stock market finished the day on a sour note anew amid the lack of fresh catalysts to spice up trading while investors repositioned their portfolios ahead of 2025.

On Monday, the Dow shed 0.97 percent or 418 points, while the S&P’s broad index decreased 0.95 percent or 56.48 points. Nasdaq Composite registered the biggest decline, down 1.19 percent or 235.24 points.

Despite losses, 10 companies managed to eke out gains, with those in the energy sector posting notable performance. Let’s explore why.

To come up with Monday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

Copyright: areeya / 123RF Stock Photo

Antero Resources Corp. (NYSE:AR)

Antero Resources (NYSE:AR), a prominent player in the US natural gas exploration, became the biggest gainer in Monday’s overall lackluster trading session, with its share prices rallying by 6.67 percent to finish at $35.52 each.

Similar to EQT Corp., Antero benefitted from the recent spike in prices of natural gas amid a winter cold blast surrounding both the US and Europe. US natural gas prices are currently up by 18 percent, with January expected to be the coldest season for some parts of the US.

The cold snap is expected to occur around January 12 although some forecasts expect an extended period of freezing temperatures. If such predictions hold, the US is expected to book record demand for natural gas, and could further shoot up prices in the coming weeks.

Overall, AR ranks 1st on our list of firms stand strong amid market decline. While we acknowledge the potential of AR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

Disclosure: None. This article is originally published at Insider Monkey.