UPDATE: Barclays Downgrades Ultra Petroleum (UPL) to Underweight; Looking for Better Value Creation Metrics
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Price: $22.71 +2.85%
Rating Summary:
3 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
3 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade UPL Now!
(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, with a 52 week range of $17.62-$47.89.
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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, with a 52 week range of $17.62-$47.89.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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