Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Athlon Energy Inc (UNKNOWN: ATHL.DL ) jumped 11% today after reporting earnings.
So what: Management reported a 109% increased in adjusted EBITDA to $63.3 million in the quarter and a 69% increase in daily production volumes to 12,960 BOE/day. That resulted in adjusted net income of $18.6 million, or $0.24 per share, which was ahead of Wall Street's $0.16 estimate.
Now what: This is the second straight quarter management has crushed estimates and clearly operations are improving rapidly. I think that a $2.6 billion market cap is a reasonable value given the EBITDA growth we saw last quarter. If management continues to exceed expectations the stock has a lot of upside potential, even at today's price.
More opportunities in energy
The U.S. energy market is booming and there are still opportunities available to investors. The Motley Fool is offering a comprehensive look at three energy companies set to soar as production increases and you can find out who they are in the special free report, "3 Stocks for the American Energy Bonanza." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free.