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Stock analysts at Stifel Nicolaus reduced their target price on shares of Ultrapetrol Bahamas (NASDAQ:ULTR) from $5.00 to $4.50 in a report issued on Monday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 35.95% from the stock’s previous close.

Ultrapetrol Bahamas (NASDAQ:ULTR) opened at 3.31 on Monday. Ultrapetrol Bahamas has a 1-year low of $2.61 and a 1-year high of $3.98. The stock’s 50-day moving average is $3.30 and its 200-day moving average is $3.16. The company’s market cap is $464.8 million.

Ultrapetrol Bahamas (NASDAQ:ULTR) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.05. The company had revenue of $99.40 million for the quarter, compared to the consensus estimate of $81.45 million. On average, analysts predict that Ultrapetrol Bahamas will post $0.13 earnings per share for the current fiscal year.

Ultrapetrol (NASDAQ:ULTR) Limited is an industrial shipping company serving the marine transportation needs of clients in the geographic markets.

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