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What Are Wall Street Analysts Saying about Ultra Petroleum?

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Wall Street analysts ratings for Ultra Petroleum

Currently, ~20% of Wall Street analysts rate Ultra Petroleum (UPL) (UPLMQ) as a “buy” and ~80% of analysts rate it as a “hold.” There aren’t any “sell” ratings.

The following chart shows Wall Street analysts’ recommendations for Ultra Petroleum after it filed for Chapter 11 bankruptcy in April.

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Ultra Petroleum’s individual recommendations

In a notable recommendation after Ultra Petroleum’s 3Q16 earnings, Stifel reiterated its “hold” recommendation with a “hold” weighting. Stifel assigned Ultra Petroleum a target price of $6.5. It’s ~8% lower than the closing price of $7.1 on November 22. Stifel expects Ultra Petroleum to reach the target price within 12 months from the date of the recommendation.

Other upstream players

Based on the median price targets from Wall Street analysts’ recommendations, other upstream companies like Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Parsley Energy (PE) have potential upsides of ~24%, ~36%, and ~24%, respectively, from their closing prices on November 22.

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. The Vanguard Energy ETF (VDE) invests in the broader energy market.

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