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Ultra Petroleum Corp. (NYSE:UPL)‘s stock had its “neutral” rating reiterated by investment analysts at Citigroup Inc. in a note issued to investors on Monday. They currently have a $25.00 price target on the stock, up from their previous price target of $24.00. Citigroup Inc.’s price objective points to a potential upside of 2.08% from the company’s current price.

Ultra Petroleum Corp. (NYSE:UPL) traded up 0.74% on Monday, hitting $24.6714. The stock had a trading volume of 1,444,334 shares. Ultra Petroleum Corp. has a one year low of $18.22 and a one year high of $31.43. The stock has a 50-day moving average of $25.35 and a 200-day moving average of $26.49. The company has a market cap of $3.780 billion and a price-to-earnings ratio of 12.12.

Ultra Petroleum Corp. (NYSE:UPL) last announced its earnings results on Thursday, July 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts predict that Ultra Petroleum Corp. will post $2.77 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on UPL. Analysts at Capital One Financial Corp. upgraded shares of Ultra Petroleum Corp. from an “equal weight” rating to an “overweight” rating in a research note on Friday. Separately, analysts at RBC Capital cut their price target on shares of Ultra Petroleum Corp. from $30.00 to $27.00 in a research note on Friday, August 1st. Finally, analysts at Tudor Pickering upgraded shares of Ultra Petroleum Corp. from a “trim” rating to a “hold” rating in a research note on Friday, August 1st. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.36.

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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