Canaccord Genuity Reiterates Buy on Ultra Petroleum Corp. (UPL)

By admin | 6 years ago

Ultra Petroleum Corp. (NYSE: UPL)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Friday.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Ultra Petroleum Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, February 28th. They now have a $22.00 price target on the stock. Analysts at Jefferies Group (NYSE: JEF) downgraded shares of Ultra Petroleum Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, February 17th.

Ultra Petroleum Corp. traded down 1.47% on Friday, hitting $18.74. Ultra Petroleum Corp. has a 52-week low of $17.62 and a 52-week high of $51.20. The company has a market cap of $2.866 billion and a price-to-earnings ratio of 6.23.

Ultra Petroleum Corp. last announced its earnings results on Thursday, May 3rd. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.02. Ultra Petroleum Corp.’s revenue was down 12.1% compared to the same quarter last year. On average, analysts predict that Ultra Petroleum Corp. will post $0.38 earnings per share next quarter.

Ultra Petroleum Corp. (Ultra) 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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