UPDATE: Canaccord Initiates Ultra Petroleum with Hold on Drilling Plan Uncertainty

By: Benzinga
In a report published Tuesday, Canaccord Genuity analyst Robert Christensen initiated coverage on Ultra Petroleum Corp. (NYSE: UPL ) with a Hold rating and $22.00 price target. In the report, Canaccord Genuity noted, “UPL is a very low-cost producer of natural gas with potential upside in a rising price environment.
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