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Ultra Petroleum Corp. (NYSE:UPL) was upgraded by stock analysts at Tudor Pickering from a “trim” rating to a “hold” rating in a report issued on Friday.

A number of other firms have also recently commented on UPL. Analysts at KLR Group upgraded shares of Ultra Petroleum Corp. from an “accumulate” rating to a “buy” rating in a research note on Friday. Separately, analysts at Prime Executions initiated coverage on shares of Ultra Petroleum Corp. in a research note on Tuesday, July 15th. They set a “neutral” rating on the stock. Finally, analysts at Howard Weil raised their price target on shares of Ultra Petroleum Corp. from $30.00 to $34.00 in a research note on Thursday, July 10th. They now have a “sector perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $29.20.

Shares of Ultra Petroleum Corp. (NYSE:UPL) traded up 1.64% during mid-day trading on Friday, hitting $23.295. The stock had a trading volume of 3,027,428 shares. Ultra Petroleum Corp. has a 1-year low of $18.22 and a 1-year high of $31.43. The stock’s 50-day moving average is $27.27 and its 200-day moving average is $26.42. The company has a market cap of $3.567 billion and a price-to-earnings ratio of 10.96.

Ultra Petroleum Corp. (NYSE:UPL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.52 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.53 by $0.01. The company had revenue of $296.10 million for the quarter, compared to the consensus estimate of $275.60 million. During the same quarter last year, the company posted $0.47 earnings per share. Ultra Petroleum Corp.’s revenue was up 13.3% compared to the same quarter last year. On average, analysts predict that Ultra Petroleum Corp. will post $2.79 earnings per share 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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