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Analysts at Howard Weil lifted their target price on shares of Athlon Energy (NASDAQ:ATHL) from $61.00 to $63.00 in a research report issued to clients and investors on Thursday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price target indicates a potential upside of 48.06% from the company’s current price.

Shares of Athlon Energy (NASDAQ:ATHL) opened at 42.55 on Thursday. Athlon Energy has a 52 week low of $26.50 and a 52 week high of $51.63. The stock’s 50-day moving average is $47.04 and its 200-day moving average is $40.63. The company has a market cap of $4.133 billion and a P/E ratio of 34.37.

Athlon Energy (NASDAQ:ATHL) last announced its earnings results on Wednesday, August 13th. The company reported $0.27 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.27. Analysts expect that Athlon Energy will post $1.44 EPS for the current fiscal year.

In other Athlon Energy news, major shareholder Apollo Management Holdings Gp, unloaded 12,500,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $44.75, for a total transaction of $559,375,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse upgraded shares of Athlon Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $51.00 price target on the stock, up previously from $50.00. Separately, analysts at Topeka Capital Markets raised their price target on shares of Athlon Energy from $58.00 to $60.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Athlon Energy from $55.00 to $58.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Athlon Energy presently has an average rating of “Buy” and a consensus price target of $51.90.

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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