Ultra Petroleum (UPL -7.3%) closes near its lows for the day after BMC initiates the shares with...

|About: Ultra Petroleum Corp. (UPLMQ)|By:, SA News Editor

Ultra Petroleum (UPL -7.3%) closes near its lows for the day after BMC initiates the shares with a tepid hold rating, saying the lack of near-term positive catalysts doesn't provide an attractive growth story compared to several other Marcellus names in its coverage group.