Analyst Rating In Review: Ultra Petroleum Bid Up 4.5% Since Upgraded 7 Days Ago (UPL)

Published on Tue, 04/09/2013 - 09:11
By Adrienne Chilton in Analyst reflections, UPL, analyst reflections, nyse:upl, ultra petroleum

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.

By Adrienne Chilton
achilton@fnno.com

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