Shares are trading at $8.94 a tad above the 50 day moving average of $8.41 and which is much lower than the 200 day moving average of $10.14. The 50 day moving average was up $0.53 whereas the 200 day moving average was down $-1.20 or -11.85%. Trading volume for Ultra Petroleum Corp. was 0 by the end of trading on Wednesday. Volume was down nan% under the stocks average daily volume.
Traders are a little more bearish on shares of Ultra Petroleum Corp. recently if you put credence in the uptick in short interest. The firm realized a rise in short interest between August 15, 2017 and August 31, 2017 of 16.08%. Short interest grew 3,927,103 over that timeframe. The short-interest ratio decreased to 10.0 and the short interest percentage is 0.16% as of August 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (UPL). As of the end of the quarter Disciplined Growth Investors Inc /mn had sold a total of 104,538 shares trimming its stake by 0.7%. The value of the investment in UPL decreased from $100,878,000 to $92,506,000 decreasing 8.3% quarter to quarter. As of quarter end Livingston Group Asset Management Co (operating As Southport Capital Management) had disposed of 1,925 shares trimming its holdings by 15.4%. The value of the investment in Ultra Petroleum Corp. went from $91,000 to $71,000 a change of 22.0% since the last quarter.
On August 29 analysts at KLR Group started covering UPL giving it an initial rating of “Buy”. On June 12 the company was upgraded from “Sell” to “Buy” in a report from Stifel Nicolaus.
Ultra Petroleum Corp. currently has a P/E ratio of 2.00 and the market value is 1.62B. As of the latest earnings report the EPS was $4.46 and is expected to be $2.15 for the current year with 180,964,000 shares currently outstanding. Next quarter’s EPS is expected be $0.49 and the next full year EPS is projected to be $1.79.
Ultra Petroleum Corp. (Ultra), launched on November 14, 1979, is an oil and gas company. The Company is involved in the development, production, operation, exploration and acquisition of oil and natural gas properties. Its principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyoming-the Pinedale and Jonah fields, its oil reserves in the Uinta Basin in northeast Utah and its natural gas reserves in the north-central Pennsylvania area of the Appalachian Basin. The Company conducts its operations in the United States. The Company focuses on sands of the upper Cretaceous Lance Pool in the Pinedale and Jonah fields. The Lance Pool includes sands of the Lance formation at depths between approximately 8,000 and 12,000 feet and the Mesaverde formation at depths between approximately 12,000 and 14,000 feet..