How Will Ultra Petroluem (UPL) Stock Be Affected By This Analyst Upgrade?

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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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.

TheStreet Ratings team rates ULTRA PETROLEUM CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate ULTRA PETROLEUM CORP (UPL) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good."

UPL ChartUPL 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.

If you liked this article you might like

Will Seed and Farm-Chemical Producers Sow Our Food Needs in Asia?

Stressed Out: Valeant, LendingClub and Retailers Join Our Distress List as Steelmakers Fall Off

Stressed Out: Valeant, LendingClub and Retailers Join the List as Steelmakers Break the Mold

Can Ultra Petroleum Work Out a Deal With Creditors?

Stressed Out: Is Bankruptcy the Best Place for Ultra Petroleum?

Stressed Out: Is Bankruptcy the Best Place for Ultra Petroleum?