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Ultra Petroleum Corp. (NYSE:UPL) has been given an average rating of “Hold” by the seventeen ratings firms that are covering the stock, StockRatingsNetwork.com reports. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $29.36.

A number of research firms have recently commented on UPL. 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.

Shares of Ultra Petroleum Corp. (NYSE:UPL) opened at 26.53 on Wednesday. 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 $24.64 and its 200-day moving average is $26.61. The company has a market cap of $4.065 billion and a P/E ratio of 12.97.

Ultra Petroleum Corp. (NYSE:UPL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue 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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