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Investment analysts at Canaccord Genuity reduced their price objective on shares of Athlon Energy (NASDAQ:ATHL) from $63.00 to $61.00 in a note issued to investors on Wednesday. Canaccord Genuity’s price target would suggest a potential upside of 35.56% from the company’s current price.

Shares of Athlon Energy (NASDAQ:ATHL) traded down 0.33% during mid-day trading on Wednesday, hitting $45.00. The stock had a trading volume of 1,236,848 shares. 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 $46.01 and its 200-day moving average is $41.5. The company has a market cap of $4.379 billion and a price-to-earnings ratio of 56.23.

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. On average, analysts predict that Athlon Energy will post $1.46 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on ATHL. Analysts at Tudor Pickering upgraded shares of Athlon Energy from an “accumulate” rating to a “buy” rating in a research note on Friday, August 15th. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Athlon Energy in a research note on Thursday, August 14th. They now have a $56.00 price target on the stock, up previously from $54.00. Finally, 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, August 14th. They now have a “sector outperform” rating on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $52.40.

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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