Upgrade Alert for Ultra Petroleum (UPL)
Ultra Petroleum (NYSE:UPL) was upgraded from Sell to Hold at Stifel today. The stock closed yesterday at $0.31 on volume of 0 shares, below average daily volume of 8.9 million.
Potential upside of 3,125.8% exists for Ultra Petroleum, based on a current level of $0.31 and analysts' average consensus price target of $10.00. The stock should run into initial resistance at its 50-day moving average (MA) of $0.54 and subsequent resistance at its 200-day MA of $3.83.
Ultra Petroleum share prices have moved between a 52-week high of $18.04 and a 52-week low of $0.18 and closed yesterday at 72% above that low price at $0.31 per share. The 200-day and 50-day moving averages have moved 1.28% lower and 0.41% higher over the past week, respectively.
Ultra Petroleum Corp. is a natural gas exploration and production company focused on the Green River Basin of Wyoming in the United States. The Company also explores for oil and gas in China.
SmarTrend recommended that its subscribers protect gains by selling shares of Ultra Petroleum on April 29th, 2016 by issuing a Downtrend alert when the shares were trading at $0.33. Since that call, shares of Ultra Petroleum have fallen 6.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: analyst upgrades/downgrades Ultra Petroleum