UBS AG Increases Athlon Energy Price Target to $36.00 (ATHL)
Investment analysts at UBS AG increased their price target on shares of Athlon Energy (NASDAQ:ATHL) from $31.00 to $36.00 in a note issued to investors on Wednesday, AmericanBankingNews.com reports. UBS AG’s target price suggests a potential upside of 2.01% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Global Hunter Securities initiated coverage on shares of Athlon Energy in a research note on Thursday, February 20th. They set a “buy” rating and a $42.00 price target on the stock. Separately, analysts at Howard Weil raised their price target on shares of Athlon Energy from $38.00 to $43.00 in a research note on Friday, January 24th. They now have a “sector outperform” rating on the stock. Finally, analysts at Howard Weil upgraded shares of Athlon Energy from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 8th. They now have a $38.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Athlon Energy has an average rating of “Buy” and an average price target of $37.51.
Athlon Energy (NASDAQ:ATHL) traded up 0.23% on Wednesday, hitting $35.37. 1,363,738 shares of the company’s stock traded hands. Athlon Energy has a 1-year low of $25.25 and a 1-year high of $36.71. The stock has a 50-day moving average of $30.86 and a 200-day moving average of $30.89. The company has a market cap of $2.905 billion and a price-to-earnings ratio of 51.67.
Athlon Energy (NASDAQ:ATHL) last released its earnings data on Tuesday, February 25th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. Analysts expect that Athlon Energy will post $1.38 EPS for the current fiscal year.
In other Athlon Energy news, major shareholder Apollo Management Holdings Gp, sold 16,100,000 shares of the stock on the open market in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $30.72, for a total value of $494,592,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
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