Credit Suisse Increases Athlon Energy Price Target to $45.00 (ATHL)
Equities researchers at Credit Suisse increased their target price on shares of Athlon Energy (NASDAQ:ATHL) from $41.00 to $45.00 in a research report issued on Monday. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price target would indicate a potential upside of 12.30% from the company’s current price.
Shares of Athlon Energy (NASDAQ:ATHL) traded up 2.94% during mid-day trading on Monday, hitting $41.25. The stock had a trading volume of 272,373 shares. Athlon Energy has a 52-week low of $25.25 and a 52-week high of $43.71. The stock’s 50-day moving average is $39.2 and its 200-day moving average is $33.93. The company has a market cap of $4.006 billion and a P/E ratio of 46.59.
Athlon Energy (NASDAQ:ATHL) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the 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. Analysts expect that Athlon Energy will post $1.44 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ATHL. Analysts at Citigroup Inc. upgraded shares of Athlon Energy from a “neutral” rating to a “buy” rating in a research note on Monday. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $45.00.
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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