Can These Stocks Continue To Spark? – Ultra Petroleum Corp. (UPL), Parsley Energy, Inc. (PE)

Ultra Petroleum Corp. (NASDAQ:UPL) popped in on a high volume red day. Volume on 08-Feb-18 came in at 5.94 million contracts. The daily trading volume has averaged 3.18 million shares a day in past 3 months. The first sale was made at $5.36 but later the stock became weaker, and closed with a fall of -7.84%. It was last traded at $4.94 apiece.

Ultra Petroleum Corp. (UPL): Outperform Candidate With 122.67% Upside Potential

Ultra Petroleum Corp. is maintained at an average outperform rating by 4 stock analysts, and there are at least 13.49% of shares outstanding that are currently legally short sold. The shares went down by -40.98% in value last month. Year-to-date it plunged -45.47%. Analysts are turning out to be more optimistic than before, with 3 of analysts who cover Ultra Petroleum Corp. (NASDAQ:UPL) advice adding it to buy candidate list. Wall Street experts also assign a $11 price target on Ultra Petroleum Corp., pointing towards a 122.67% rally from current levels. The stock is trading for about -63.68% less than its 52-week high.

Ultra Petroleum Corp. Reports 1.9% Sales Growth

Ultra Petroleum Corp. (UPL) remained unsuccessful in beating the consensus-estimated $0.43 as it actually earned $0.4 per share in its last reported financial results. Revenue, on the other hand, scored 1.9% growth from the previous quarter, coming up with $216.7 million.

UPL Retreats -19.94% In A Week

This company shares (UPL) so far managed to recover -7.84% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 8.8% while shortening the period to a week, volatility was 6.34%. The share price has yet to cross its 20 days moving average, floating at a distance of -34.62% and sits -42.19% lower versus its 50 days moving average. When looking at the past five sessions, the stock returned -19.94% losses and is down by -47.24% compared with its 200-day moving average of $8.56. Also, Ultra Petroleum Corp. (UPL) needs to overturn a 0% decrease it experienced over the past twelve months.

Parsley Energy, Inc. (NYSE:PE) Consensus Call At 1.9

As regular trading ended, Parsley Energy, Inc. (PE) stock brought in a -$1.4 drop to $22.09. The day started at a price of $23.53 but then traded as high as $23.67 before giving part of the gains back. As for this week, analysts appear content to stick with their bright outlook with the consensus call at 1.9. Parsley Energy, Inc. is given 11 buy-equivalent recommendations, 0 sells and 5 holds. The company shares sank -33.2% from their peak of $33.07 and now has a $7.13 billion market value of equity.

Parsley Energy, Inc. Could Grow 75.19% More

PE’s mean recommendation on Reuter’s scale improved from 1.68 thirty days ago to 1.81 now, which indicates a buy consensus from the analyst community. They see Parsley Energy, Inc. (PE) price hitting a mean target of $38.7 a share, meaning the stock still has potential that could lift the price another 75.19% Also, the recent close suggests the stock is underpriced by 158.04% compared to the most bullish target.

Parsley Energy, Inc. (PE) Returns -24.97% This Year

The company had seen its current volume reaching at 7.95 million shares in the last trade. That compares with the recent volume average of 5.14 million. At the close of regular trading, its last week’s stock price volatility was 3.89% which for the month reaches 5.46%. Parsley Energy, Inc. dipped to as low as $21.95 throughout the day and has returned -24.97% in this year. At one point in the past year, the shares traded as low as $22.41 but has recovered -1.41% since then.

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