Ultra Petroleum Corp (NASDAQ:UPL) gapped up before the market opened on Tuesday . The stock had previously closed at $0.68, but opened at $0.67. Ultra Petroleum shares last traded at $0.69, with a volume of 24734 shares changing hands.
Separately, Zacks Investment Research raised Ultra Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $1.63.
The stock has a market capitalization of $132.03 million, a price-to-earnings ratio of 0.34 and a beta of 0.91.
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Ultra Petroleum Company Profile (NASDAQ:UPL)
Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, operation, and production of oil and natural gas properties. Its principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyomingthe Pinedale and Jonah fields; and its oil reserves in the Uinta Basin in northeast Utah.
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