Zacks Reiterates Hold Rating for Ultra Petroleum Corp. (UPL)
Ultra Petroleum Corp. (NYSE:UPL)‘s stock had its “hold” rating restated by Zacks in a note issued to investors on Tuesday, AR Network reports. They currently have a $22.00 price objective on the stock. Zacks‘ price objective points to a potential upside of 9.56% from the stock’s previous close.
UPL has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Ultra Petroleum Corp. from $22.00 to $24.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at KLR Group downgraded shares of Ultra Petroleum Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Ultra Petroleum Corp. presently has an average rating of “Hold” and a consensus price target of $22.67.
Shares of Ultra Petroleum Corp. (NYSE:UPL) traded down 3.88% during mid-day trading on Tuesday, hitting $20.08. The stock had a trading volume of 6,946,082 shares. Ultra Petroleum Corp. has a 1-year low of $15.26 and a 1-year high of $24.26. The stock’s 50-day moving average is $21.21 and its 200-day moving average is $20.86. The company’s market cap is $3.072 billion.
Ultra Petroleum Corp. (NYSE:UPL) last released its earnings data on Friday, August 2nd. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.05. The company had revenue of $436.99 million for the quarter, compared to the consensus estimate of $234.98 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 53.5% on a year-over-year basis. Analysts expect that Ultra Petroleum Corp. will post $1.63 EPS for the current fiscal year.
Ultra Petroleum Corp. (NYSE:UPL) is an independent oil and gas company engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties.
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