Why These 10 Large-Cap Stocks are Skyrocketing

3. 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.