Ultra Petroleum Corp (NASDAQ:UPL) shares gapped up before the market opened on Monday . The stock had previously closed at $0.23, but opened at $0.22. Ultra Petroleum shares last traded at $0.26, with a volume of 84,475 shares changing hands.
Separately, Zacks Investment Research raised shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Saturday. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Ultra Petroleum has an average rating of “Hold” and an average price target of $1.00.
The company has a market capitalization of $49.80 million, a price-to-earnings ratio of 0.28 and a beta of -0.05. The business has a 50-day moving average of $0.29.
Ultra Petroleum (NASDAQ:UPL) last posted its earnings results on Thursday, May 9th. The company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Ultra Petroleum had a net margin of 8.35% and a negative return on equity of 11.65%. The business had revenue of $271.46 million during the quarter, compared to the consensus estimate of $279.00 million. As a group, equities analysts forecast that Ultra Petroleum Corp will post 0.23 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Ultra Petroleum by 3.1% in the 4th quarter. BlackRock Inc. now owns 12,266,878 shares of the company’s stock worth $9,326,000 after purchasing an additional 370,548 shares during the period. First Manhattan Co. grew its position in Ultra Petroleum by 26.1% in the 1st quarter. First Manhattan Co. now owns 1,809,180 shares of the company’s stock worth $1,103,000 after purchasing an additional 374,124 shares during the period. Norges Bank bought a new stake in Ultra Petroleum in the 4th quarter worth approximately $199,000. Geode Capital Management LLC boosted its stake in shares of Ultra Petroleum by 13.5% during the 4th quarter. Geode Capital Management LLC now owns 2,072,925 shares of the company’s stock worth $1,575,000 after acquiring an additional 246,147 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Ultra Petroleum by 55.9% during the 4th quarter. Millennium Management LLC now owns 966,466 shares of the company’s stock worth $735,000 after acquiring an additional 346,450 shares during the last quarter. 70.93% of the stock is owned by institutional investors and hedge funds.
Ultra Petroleum Company Profile (NASDAQ:UPL)
Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, operation, and production of oil and natural gas properties. Its principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyomingthe Pinedale and Jonah fields.
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