NEW YORK (TheStreet) -- Ultra Petroleum
(UPL - Get Report) shares were upgraded to "buy" from "accumulate" by analysts at KLR Group.
The upgraded outlook comes despite the independent gas and oil company's mixed second quarter earnings results.
Must Read: Warren Buffett's 25 Favorite Stocks
The company reported earnings of 52 cents per diluted share that was 1 cent lower than analysts were expecting on revenue of $296.1 million, well above analyst estimates of $273.95 million.
Ultra Petroleum shares are flat in early-market trading today.
UPL data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts