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What Analysts Are Saying about Ultra Petroleum after Its 4Q16

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Recommendations

Currently, only one analyst has provided a recommendation on Ultra Petroleum (UPL) (UPLMQ). This recommendation is a “hold.” There are no “strong buy,” “buy,” “sell,” or “strong sell” recommendations on the stock.

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Target price

The median target price from the above-mentioned analyst’s recommendation is $4.00, ~50% lower than UPL’s February 23, 2017, closing price of $7.97.

How UPL’s recommendations have changed since its 4Q16 earnings

Since its 4Q16 earnings on February 22, 2017, all Ultra Petroleum’s recommendations have remained unchanged. Its median and mean target prices have also remained unchanged.

Other oil and gas producers

Based on the mean price targets of recommendations from Wall Street analysts, other oil and gas companies Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Denbury Resources (DNR) have potential upsides of ~40%, ~67%, and ~21%, respectively, compared to their February 23 closing prices.

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies, whereas the Energy Select Sector SPDR ETF (XLE) generally invests at least 95% of its total assets in oil and gas companies.

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