Tudor Pickering Upgrades Athlon Energy to Buy (ATHL)
Shares of Athlon Energy (NASDAQ:ATHL) opened at 41.34 on Friday. 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 $46.93 and its 200-day moving average is $40.63. The company has a market cap of $3.859 billion and a price-to-earnings ratio of 52.99.
Athlon Energy (NASDAQ:ATHL) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.27 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.27. On average, analysts predict that Athlon Energy will post $1.44 earnings per share for the current fiscal year.
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 transaction of $559,375,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Athlon Energy in a research note on Thursday. They now have a $56.00 price target on the stock, up previously from $54.00. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Athlon Energy presently has a consensus rating of “Buy” and an average target price of $52.10.
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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