Ultra Petroleum upgraded to Buy from Accumulate at KLR Group KLR Group upgraded Ultra Petroleum to Buy citing the recent pullback in shares and the company's Uinta Basin oil development. The firm lowered its price target for shares to $31 from $32.
Cabot among Marcellus producers hardest hit by glut, WSJ says The rapid growth of production from the Marcellus Shale has caused gas prices to drop and forced drillers to re-evaluate operations, with Cabot Oil and Gas (COG) among the hardest hit, said The Wall Street Journal. Other companies mentioned as being impacted and having responded in the report include Ultra Petroleum (UPL), Chesapeake Energy (CHK) and Carrizo Oil & Gas (CRZO). Reference Link