Topeka Capital Markets Increases Athlon Energy Price Target to $60.00 (ATHL)
Topeka Capital Markets boosted their price target on shares of Athlon Energy (NASDAQ:ATHL) from $58.00 to $60.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price target would indicate a potential upside of 40.32% from the stock’s previous close.
In other Athlon Energy news, major shareholder Apollo Management Holdings Gp, sold 12,500,000 shares of Athlon Energy stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $44.75, for a total value of $559,375,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
ATHL has been the subject of a number of other recent research reports. Analysts at Howard Weil raised their price target on shares of Athlon Energy from $55.00 to $61.00 in a research note on Thursday, July 10th. They now have a “sector outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Athlon Energy from $48.00 to $56.00 in a research note on Thursday, July 3rd. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of Athlon Energy in a research note on Tuesday, July 1st. They set a “buy” rating and a $58.00 price target on the stock. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Athlon Energy currently has an average rating of “Buy” and a consensus price target of $51.10.
Athlon Energy (NASDAQ:ATHL) opened at 42.76 on Wednesday. Athlon Energy has a one year low of $26.50 and a one year high of $51.63. The stock has a 50-day moving average of $47.10 and a 200-day moving average of $40.61. The company has a market cap of $4.153 billion and a P/E ratio of 35.60.
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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