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What Are Wall Street Analysts Saying about Ultra Petroleum?

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Aug. 16 2016, Updated 1:05 p.m. ET

Wall Street analysts ratings for Ultra Petroleum

Currently, ~17% of Wall Street analysts rate Ultra Petroleum (UPL) (UPLMQ) as a “buy” and ~83% of analysts rate it as a “hold.” There is no “sell” rating for the stock.

The table below shows the Wall Street analyst recommendations for Ultra Petroleum after it filed for Chapter 11 in April 2016.

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Ultra Petroleum’s individual recommendations

In a notable recommendation after Ultra Petroleum’s 2Q16 earnings, EVA Dimensions reiterated its “overweight” recommendation with a “strong buy” recommendation. EVA Dimensions issued its recommendation on August 12, 2016, and did not mention any target price for Ultra Petroleum.

Other upstream players

Based on the median price targets of recommendations from Wall Street analysts, other upstream companies like QEP Resources (QEP), Gulfport Energy (GPOR), and Parsley Energy (PE) have potential upsides of ~32%, ~31%, and ~10%, respectively, from their August 11 closing prices.

The SPDR S&P Oil and Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies, whereas the Vanguard Energy ETF (VDE) invests in the broader energy market.

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