Economy

Which Analysts Are Watching Ultra Petroleum Corp. (NASDAQ:UPL)?

The current price is seen ranging between $7.9 and $8.7. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the most recent quarter, institutional ownership increased by a net of 164.43 million shares, or 95.78%. Ultra Petroleum Corp. (UPL)'s Williams Percent Range or 14 day Williams %R now sits at -69.80. They now have a United States dollars 10 price target on the stock. The firm purchased 122,074 shares of the oil and gas exploration company's stock, valued at approximately $1,325,000. The shares were bought at an average cost of $7.85 per share, for a total transaction of $12,166,707.15.

NASDAQ:UPL) shares were trading lower by -0.64 percent ($-0.06) at $8.59 a piece in Friday's session. UPL's 9-day MACD now sits below the 20-day MACD, indicating that the stock might be on the cusp of a downtrend. The share last price represents downtick move of -38.60% in value from company's 52-Week high price and shows 13.30% above change in value from its 52-Week low price. The stock's market capitalization is 1.55B. Ultra Petroleum Corp. (NASDAQ:UPL)'s price sits -6.93% off from its 50-day moving average of $8.3 and -18.19% away from the stock's 200-day moving average which is $10.35. On average, analysts expect that Ultra Petroleum Corp will post $2.15 EPS for the current fiscal year. The company's quarterly EPS surprised Wall Street by as much as -26% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

04/28/2016 - Ultra Petroleum Corp. was downgraded to "neutral" by analysts at Ladenburg Thalmann.

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Several large investors have recently added to or reduced their stakes in the stock.

12/09/2015 - JP Morgan began new coverage on Ultra Petroleum Corp. giving the company a "underweight" rating. Aperio Group LLC purchased a new position in shares of Ultra Petroleum Corp during the second quarter worth $162,000.

02/19/2016 - Ultra Petroleum Corp. was downgraded to "hold" by analysts at Johnson Rice. Northern Trust Corp bought a new position in shares of Ultra Petroleum Corp in the second quarter valued at $35,624,000. (NASDAQ:UPL) has been trading recently. They now have a Dollars 14 price target on the stock.

05/19/2015 - Ultra Petroleum Corp. had its "sell" rating reiterated by analysts at Goldman Sachs. Stifel Nicolaus upgraded Ultra Petroleum Corp from a "hold" rating to a "buy" rating in a research note on Monday, June 12th.

Ultra Petroleum Corp. (Ultra) is an oil and gas company. It engaged in domestic natural gas and oil exploration, development and production. Its principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyoming-the Pinedale and Jonah fields, its oil reserves in the Uinta Basin in northeast Utah and its natural gas reserves in the north-central Pennsylvania area of the Appalachian Basin.



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