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

July 2, 2012 7:50 AM EDT
Get Alerts UPL Hot Sheet
Price: $0.31 --0%

Rating Summary:
    4 Buy, 15 Hold, 8 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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


Add Your Comment