Ultra Petroleum Corp. Receives Consensus Rating of “Hold” from Brokerages (NYSE:UPL)
Shares of Ultra Petroleum Corp. (NYSE:UPL) have been given an average recommendation of “Hold” by the seventeen analysts that are currently covering the company, Analyst Ratings Net reports. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $29.36.
UPL has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Ultra Petroleum Corp. in a research note on Monday, August 18th. They now have a $25.00 price target on the stock, up previously from $24.00. Separately, 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, August 15th.
Ultra Petroleum Corp. (NYSE:UPL) opened at 26.05 on Wednesday. Ultra Petroleum Corp. has a 52-week low of $18.22 and a 52-week high of $31.43. The stock has a 50-day moving average of $24.80 and a 200-day moving average of $26.57. The company has a market cap of $3.991 billion and a P/E ratio of 12.89. Ultra Petroleum Corp. also was the target of unusually large options trading on Tuesday. Investors bought 3,976 put options on the company. This is an increase of 120% compared to the average daily volume of 1,811 put options.
Ultra Petroleum Corp. (NYSE:UPL) last released its earnings data 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. Analysts expect that Ultra Petroleum Corp. will post $2.80 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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