UPDATE: Barclays Downgrades Ultra Petroleum (UPL) to Underweight; Looking for Better Value Creation Metrics

July 2, 2012 7:50 AM EDT Send to a Friend
Get Alerts UPL Hot Sheet
Price: $14.95 +0.88%

Rating Summary:
    6 Buy, 11 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 20 | Down: 41 | New: 52
Trade UPL Now!
Join SI Premium – FREE
(Updated - July 2, 2012 2:00 PM EDT)

Barclays downgraded Ultra Petroleum (NYSE: UPL) from Equalweight to Underweight with a price target of $13.00.

Analyst, Thomas Driscoll, said, "...We see UPL, Encana (NYSE: ECA) and Southwestern (NYSE: SWN) as having inferior value-creation metrics, with all three dry gas producers enjoying high multiples as well."

Barclays lowers FY12 EPS estimate from $1.45 to $1.40, FY13 maintained at $0.75.

For an analyst ratings summary and ratings history on Ultra Petroleum click here. For more ratings news on Ultra Petroleum click here.

Shares of Ultra Petroleum closed at $23.07 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst EPS Change, Analyst EPS View, Downgrades

Related Entities

Barclays

Add Your Comment