Ultra Petroleum (UPL -4.2%) dips after Stifel Nicolaus cut its rating on the shares to Hold,...

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

Ultra Petroleum (UPL -4.2%) dips after Stifel Nicolaus cut its rating on the shares to Hold, citing a diminished outlook for natural gas prices. The firm notes that 96% of the company's volumes are in natural gas, so it's likely management will have to cut spending plans if prices remain near or below current levels.