Athlon Energy Coverage Initiated by Analysts at Credit Suisse (ATHL)
Research analysts at Credit Suisse started coverage on shares of Athlon Energy (NASDAQ:ATHL) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $30.00 price target on the stock. Credit Suisse’s target price would suggest a potential upside of 7.91% from the company’s current price. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. initiated coverage on shares of Athlon Energy (NASDAQ:ATHL) in a research note to investors on Wednesday, August 28th. They set a “neutral” rating on the stock. Separately, analysts at Merrill Lynch initiated coverage on shares of Athlon Energy (NASDAQ:ATHL) in a research note to investors on Tuesday, August 27th. They set a “neutral” rating and a $33.00 price target on the stock. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of Athlon Energy (NASDAQ:ATHL) in a research note to investors on Tuesday, August 27th. They set an “outperform” rating on the stock.
Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $32.00.
Shares of Athlon Energy (NASDAQ:ATHL) traded down 1.73% during mid-day trading on Tuesday, hitting $27.32. The stock had a trading volume of 205,670 shares. Athlon Energy has a 1-year low of $25.25 and a 1-year high of $30.43. The stock’s 50-day moving average is $27.8 and its 200-day moving average is $27.8. The company has a market cap of $2.244 billion and a P/E ratio of 42.90.
Athlon Energy (NASDAQ:ATHL) last released its earnings data on Wednesday, August 14th. The company reported $0.36 earnings per share (EPS) for the quarter. The company had revenue of $65.17 million for the quarter, compared to the consensus estimate of $35.79 million. On average, analysts predict that Athlon Energy will post $0.77 earnings per share for the current fiscal year.
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