A week ago, Brean Capital upgraded Ultra Petroleum from Hold to Buy. The stock closed at $20.65, which is 4.5% higher than the price one week ago ($19.76).
In the past 52 weeks, shares of Ultra Petroleum have traded between a low of $15.26 and a high of $24.52 and are now at $20.68, which is 36% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
Based on a current price of $20.68, Ultra Petroleum is currently 6.7% above its average consensus analyst price target of $19.30. The stock should discover initial support at its 200-day moving average (MA) of $20.59 and subsequent support at its 50-day MA of $18.34.
Ultra Petroleum Corp. is a natural gas exploration and production company focused on the Green River Basin of Wyoming in the United States. The Company also explores for oil and gas in China.