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

March 18, 2013 7:58 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: 24 | Down: 17 | New: 14
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(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.

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