Zacks: Ultra Petroleum Corp. (NASDAQ:UPLC) Given $0.90 Consensus Target Price by Brokerages

Shares of Ultra Petroleum Corp. (NASDAQ:UPLC) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating. Ultra Petroleum’s rating score has improved by 25% from three months ago as a result of various analysts’ ratings changes.

Brokers have set a twelve-month consensus price target of $0.90 for the company and are predicting that the company will post ($0.08) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Ultra Petroleum an industry rank of 186 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded shares of Ultra Petroleum from a “sell” rating to a “hold” rating in a report on Saturday.

Ultra Petroleum stock traded down $0.00 during midday trading on Friday, reaching $0.27. The stock had a trading volume of 639,464 shares, compared to its average volume of 2,608,837. Ultra Petroleum has a 1-year low of $0.08 and a 1-year high of $2.04.

Ultra Petroleum (NASDAQ:UPLC) last released its quarterly earnings results on Friday, August 9th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $155.41 million for the quarter, compared to analyst estimates of $179.80 million.

In related news, CFO David W. Honeyfield bought 300,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average cost of $0.13 per share, for a total transaction of $39,000.00. Following the completion of the acquisition, the chief financial officer now owns 360,000 shares in the company, valued at approximately $46,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have acquired 547,000 shares of company stock valued at $85,180.

Ultra Petroleum Company Profile

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 Wyoming—the Pinedale and Jonah fields.

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