Ultra Petroleum Corp (NASDAQ:UPL) has received a consensus broker rating score of 4.00 (Sell) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating and one has issued a hold rating on the company.
Brokers have set a 1-year consensus target price of $1.65 for the company and are predicting that the company will post $0.12 earnings per share for the current quarter, according to Zacks. Zacks has also given Ultra Petroleum an industry rank of 234 out of 256 based on the ratings given to related companies.
A number of research analysts have commented on the company. ValuEngine lowered Ultra Petroleum from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. Zacks Investment Research raised Ultra Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st.
UPL opened at $0.89 on Wednesday. The company has a market cap of $149.78 million, a price-to-earnings ratio of 0.44 and a beta of 0.98. Ultra Petroleum has a one year low of $0.56 and a one year high of $9.19.
Ultra Petroleum (NASDAQ:UPL) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $203.78 million during the quarter, compared to analyst estimates of $199.80 million. Ultra Petroleum had a negative return on equity of 18.50% and a net margin of 16.40%. On average, equities research analysts forecast that Ultra Petroleum will post 0.74 earnings per share for the current fiscal year.
About Ultra Petroleum
Ultra Petroleum Corp. engages in the development, production, operation, exploration, and acquisition of oil and natural gas properties. It focuses on developing a tight gas sand trend located in the Green River Basin of southwest Wyoming; and assessing, exploring, and developing its position in the Marcellus Shale and other horizons located in the north-central Pennsylvania area of the Appalachian Basin of Pennsylvania.
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