10 Stocks Analysts Are Upgrading Today

3. Antero Resources Corporation (NYSE:AR)

Stock Upgrade: Neutral to Outperform

Stock Price Target: $49

Stock Upside Potential as of May 13: 19.31%

Antero Resources Corporation (NYSE:AR) is an independent oil and natural gas Company that develops, produces, explores, and acquires natural gas, natural gas liquids (NGLs), and oil properties. The stock has continued outperforming the overall sector despite oil prices plunging to multi-year lows.

Likewise, analysts at Mizuho have upgraded Antero Resources Corporation (NYSE:AR) from a ‘Neutral’ to an ‘Outperform’ and hiked the price target to $49 from $47. The upgrade comes as the company delivered solid first-quarter 2025 results and adjusted its integrated oil models. Net income totaled $208 million and adjusted net income rose to $247 million. Adjusted EBITDAX surged 110% to $549 million, and operating cash flow climbed 75% to $458 million.

Even though the analyst firm expects a significant decline in oil prices, it also projects a significant improvement in gas and refining fundamentals, which should benefit Antero Resources over the next year. Mizuho has also raised its gas forecast for the US by 15%, convinced of an undersupplied market which should benefit Antero Resources Corporation (NYSE:AR). Additionally, the firm projects enhanced refining fundamentals given the tight inventory. Antero Resources also returned value to shareholders, repurchasing 2.7 million shares for $92 million.