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Athlon Energy (NASDAQ:ATHL) was upgraded by stock analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $54.00 price target on the stock, up from their previous price target of $33.00. Citigroup Inc.’s target price suggests a potential upside of 29.84% from the stock’s previous close. The analysts noted that the move was a valuation call.

Shares of Athlon Energy (NASDAQ:ATHL) traded up 2.74% during mid-day trading on Monday, hitting $42.73. 634,296 shares of the company’s stock traded hands. Athlon Energy has a 1-year low of $25.25 and a 1-year high of $43.71. The stock has a 50-day moving average of $39.4 and a 200-day moving average of $34.01. The company has a market cap of $4.150 billion and a price-to-earnings ratio of 48.36.

Athlon Energy (NASDAQ:ATHL) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. The company had revenue of $105.70 million for the quarter, compared to the consensus estimate of $100.05 million. On average, analysts predict that Athlon Energy will post $1.44 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Athlon Energy from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 30th. They now have a $44.00 price target on the stock. Separately, analysts at Miller Tabak upgraded shares of Athlon Energy from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. They now have a $50.00 price target on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Athlon Energy from $48.00 to $55.00 in a research note on Monday, April 21st. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Athlon Energy presently has an average rating of “Buy” and an average price target of $46.00.

Athlon Energy Inc, is an independent exploration and production company. The Company is a holding company and its sole assets are controlling equity interests in Athlon Holdings LP and its subsidiaries.

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