We recently compiled a list of the Why These 10 Large-Cap Stocks are Skyrocketing. In this article, we are going to take a look at where Antero Resources Corporation (NYSE:AR) stands against the other large-cap stocks.
On January 23, Mike Bailey, FBB Capital Partners director of research, appeared on CNBC where he shared his outlook on the large caps. Bailey was happy with how the macroeconomic conditions were looking for the United States, especially with the job growth, in 2025 and beyond.
He particularly remained confident that large caps were better positioned to report earnings growth than the small caps, especially when looking for long-term growth and expectations of exceeding goals.
Ten companies in diverse sectors such as the financials, healthcare, technology, and energy industries, locked in overall positive market gains due to supportive market conditions, macroeconomic environment, and growth potential. That said, let’s take a look at the 10 large-cap stocks that happen to be skyrocketing.
To come up with the 10 names, we only considered stocks with a market capitalization of more than $10 billion. We then shortlisted the stocks based on their performance in the past quarter and picked the top 10 with the highest 30-day return from December 22, 2024, to January 22, 2025.
A fleet of tanker trucks transporting oil and natural gas, amidst the backdrop of open fields.
Antero Resources Corporation (NYSE:AR)
30-day Return as of January 22, 2025: 28.5%
AR is an independent natural gas and liquids company and is one of the largest suppliers of natural gas and LPG from the United States to the global export market. Antero Resources Corporation (NYSE:AR) rose to $41.51 on January 22, a 28.5% jump from its share price on December 22, 2024.
On January 22, analyst firm Morgan Stanley raised AR’s price target to $49 from $42, keeping an overweight rating on the stock. The firm noted that its EBITDA estimates for the exploration and production group in North America are moving higher in 2025, by approximately nearly 11%. The shared optimism for the sector is fueling AR’s share price.
Similarly, on January 13, Kalei Akamine, analyst at BofA raised his price target for AR from $36 to $46, keeping a buy rating on the shares. The analyst suggested that non-OPEC supply growth is expected to outweigh the global oil demand, pushing prices down. Despite the supply-demand challenges, Akamine expects companies like AR to perform well due to AI-related demand, boosting valuations.
Overall AR ranks 3rd on our list of the large-cap stocks that are skyrocketing. While we acknowledge the potential of AR as an investment, our conviction lies in the belief that certain 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: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
