Android app on Google Play

UPDATE: Tudor Pickering Downgrades Ultra Petroleum (UPL) to Trim, Recommends Taking Profit

March 18, 2013 7:58 AM EDT Send to a Friend
Get Alerts UPL Hot Sheet
Price: $24.10 -1.67%

Rating Summary:
    5 Buy, 14 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 7
Trade UPL Now!
Join SI Premium – FREE
(Updated - March 18, 2013 2:56 PM EDT)

Tudor Pickering downgraded Ultra Petroleum (NYSE: UPL) from Hold to Trim. Chesapeake Energy was also downgraded to trim. Analyst are recommending taking profit on gas exploration and production stocks following a huge two-week long rally. Analysts said they believe near term nat-gas fundamentals have a ceiling of $4/mcf, which could limit momentum.

Top performers in the space Quicksilver Resources Inc. (NYSE: KWK), Ultra Petroleum, and EXCO Resources Inc. (NYSE: XCO).

In related new, United States Natural Gas ETF (NYSE: UNG) trades at fresh highs in-line with a rally in natural gas futures prices.

For an analyst ratings summary and ratings history on Ultra Petroleum (NYSE: UPL) click here. For more ratings news on Ultra Petroleum click here.

Shares of Ultra Petroleum closed at $20.37 yesterday.




You May Also Be Interested In


Related Categories

Downgrades

Add Your Comment