Rating Coverage: Analysts at Stifel Maintained their “Hold” rating for Ultra Petroleum (UPLMQ) with $7.0 Price Objective

November 23, 2016 - By Hazel Jackson

Rating Coverage: Analysts at Stifel Maintained their

Ultra Petroleum (UPLMQ) Rating

EU: In analysts note issued to clients on Wednesday morning, Stifel reconfirmed their “Hold” rating on shares of Ultra Petroleum (UPLMQ). They currently have a $7.0 target price per share on the firm. Stifel’s target would indicate a potential downside of -1.41% from the company’s previous close.

The stock closed at $7.1 during the last session. It is down 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.

Ultra Petroleum Corp. is an independent gas and oil company. The company has a market cap of $1.09 billion. The Firm is engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties. It currently has negative earnings. The Firm operates in natural gas and oil exploration and development industry, with geographical segment, the United States.

According to Zacks Investment Research, “Ultra Petroleum is an independent, exploration and production company focused on developing its long life natural gas reserves in the Green River Basin of Wyoming, and oil reserves in Bohai Bay, offshore China.”

UPLMQ Company Profile

Ultra Petroleum Corp., incorporated on November 14, 1979, is an independent gas and oil company. The Firm is engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties. The Firm operates in natural gas and oil exploration and development industry, with geographical segment, the United States. The Firm owns oil and natural gas leases in Wyoming, Utah and Pennsylvania. In Colorado, the Company owns oil and natural gas leases, as well as fee gas and oil rights. The Firm focuses on 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 Utah, and its natural gas reserves in the Appalachian Basin of Pennsylvania.

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