Wall Street Analyst Actions To Watch: Corning Incorporated (GLW), Ultra Petroleum Corp. (UPL)

Corning Incorporated (NYSE:GLW) was less active in the last trading session as around 5.23 million shares exchanged hands on Wall Street, representing a decrease from its normal capacity of 7.67 million shares. A -0.54% change after the initial price of $27.71, sent the closing price to $27.42.

Corning Incorporated (GLW) Analyst Opinion

Corning Incorporated has a consensus outperform rating from 12 Wall Street analysts, and the number of shares currently sold short amount to at least 2.34% of shares outstanding. The stock sank -7.18% last month and is down -14.29 this year. Wall Street is only getting more bullish on the stock, with 5 of analysts who cover GLW having a buy-equivalent rating. Analysts have placed a $34 price target on Corning Incorporated, suggesting a 24% gain from recent close. It’s currently trading about -21.88% below its 52-week high.

Corning Incorporated Earnings Surprise

Corning Incorporated (GLW) surprised the stock market in its last reported earnings when it earned $0.49 a piece versus the consensus-estimated $0.47. Its revenue totaled $2.65 billion down -1.84% from the previous quarter.

Corning Incorporated (NYSE:GLW) Intraday View

This stock (GLW) is ahead of its 52-week low with 4.24%. Its last month’s stock price volatility remained 1.62% which for the week stands at 2.19%. The share price has moved backward from its 20 days moving average, trading at a distance of -1.89% and stays -5.17% away from its 50 days moving average. Over the last five days, shares have managed 3.28% gains and now is down -10.03% since hitting its 200-day moving average of $30.86. Corning Incorporated (GLW) has made its way to a 12-month gain of 3.55%.

Turning to Ultra Petroleum Corp. (NASDAQ:UPL), its shares were trading at $3.24 a retreat of $-0.04, on the trading floor. The stock, after opening at $3.33, touched a high of $3.355 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.8. Ultra Petroleum Corp. has 2 buy ratings, 1 holds and 0 sells even after the stock tumbled -76.18% from its high of $13.60 to a $687.4 million market value through last close.

Ultra Petroleum Corp. (UPL) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 1.75 to 1.75 during a month. Analysts set a 12-month price target of $8.75 a share. The target implies a 170.06% spike from where the shares are currently trading. Also, the current price highlights a discount of 177.78% to analysts’ high consensus price target.

Ultra Petroleum Corp. (NASDAQ:UPL) Intraday Trading

The counter witnessed a trading volume of 2.07 million shares versus an average volume of 4.37 million shares during last trading session. Its last month’s stock price volatility remained 8.91% which for the week approaches 7.5%. The lowest price the stock reached in the last trading day was $3.24 and compares with the $3.04 52-week low. The stock recovered 6.58% since its low point and has performed -64.24% year-to-date.