Ultrapar Participações (NYSE:UGP) Issues Earnings Results, Hits Estimates

Ultrapar Participações (NYSE:UGP) posted its earnings results on Wednesday. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08, Zacks reports. The company had revenue of $6.21 billion during the quarter. Ultrapar Participações had a net margin of 2.07% and a return on equity of 19.30%.

Ultrapar Participações Trading Up 4.2 %

Shares of UGP stock traded up $0.17 during trading hours on Friday, hitting $4.21. The company had a trading volume of 1,561,815 shares, compared to its average volume of 1,413,903. The company’s fifty day moving average is $4.09 and its 200 day moving average is $5.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.68 and a quick ratio of 1.23. Ultrapar Participações has a fifty-two week low of $3.39 and a fifty-two week high of $6.34. The stock has a market capitalization of $4.70 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 3.20 and a beta of 1.64.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on UGP shares. Hsbc Global Res raised shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research note on Friday, July 19th. StockNews.com cut shares of Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. Citigroup raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating in a research note on Friday, June 14th. The Goldman Sachs Group dropped their price objective on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a research note on Tuesday, July 23rd. Finally, HSBC raised shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Ultrapar Participações presently has an average rating of “Hold” and an average price target of $4.25.

About Ultrapar Participações

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.