Athlon Energy Stock Rating Reaffirmed by Citigroup Inc. (ATHL)
Athlon Energy (NASDAQ:ATHL)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a research note issued to investors on Thursday. They currently have a $56.00 price target on the stock, up from their previous price target of $54.00. Citigroup Inc.’s price objective would indicate a potential upside of 31.61% from the company’s current price.
Shares of Athlon Energy (NASDAQ:ATHL) traded up 1.41% during mid-day trading on Thursday, hitting $43.15. The stock had a trading volume of 143,638 shares. Athlon Energy has a 1-year low of $26.50 and a 1-year 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 $4.191 billion and a price-to-earnings ratio of 34.20.
Athlon Energy (NASDAQ:ATHL) last announced its earnings results on Wednesday, August 13th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. On average, analysts predict that Athlon Energy will post $1.44 earnings per share for the current fiscal year.
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 $61.00 to $63.00 in a research note on Thursday. They now have a “sector outperform” rating on the stock. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Athlon Energy has an average rating of “Buy” and an average price target of $52.10.
In other Athlon Energy news, major shareholder Apollo Management Holdings Gp, unloaded 12,500,000 shares of Athlon Energy stock on the open market in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $44.75, for a total transaction of $559,375,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.