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Ultrapar stock remains a buy with 21% upside amid oil price boosts and management gains.

Analyst Insights
17 Sep 2026, 15:30 WIB
Seeking Alpha
View Source
Bullish
Ultrapar stock remains a buy with 21% upside amid oil price boosts and management gains.

Ultrapar (UGP) is recommended as a buy due to favorable oil price dynamics driven by war and operational improvements led by management. The stock trades at a price-to-earnings ratio of 10.7x, below its 5-year average of 13x, suggesting a potential 21% upside to a target price of $9.10. Beyond temporary benefits from the war, management initiatives and market consolidation may support higher margins in the long term. However, risks include Brazil's upcoming October presidential election, which could trigger a sell-off if investor expectations are not met.

Ultrapar's stock is noted for its price-to-earnings ratio of 10.7x, below its 5-year average of 13x, indicating potential value despite recent gains. For readers following the energy sector, here is Pluang's market snapshot as of Sep 17, 2026 19:12 WIB: out of 30 priced US energy stocks, 10 rose and 18 fell. Notable movers include IREN at USD 44.96 with a 1-day change of +5.49% and Pluang order activity of 63% Sell / 37% Buy, E at USD 53.03 with a 1-day change of -4.10% and 100% Sell order activity, and UEC at USD 10.32 with a 1-day change of +2.38% and 5% Sell / 95% Buy order activity.

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