NEW YORK (TheStreet) -- Ultra Petroleum
(UPL) 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.
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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
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