Ultra Petroleum Corp (NASDAQ:UPL) rose 10% on Friday . The company traded as high as $0.25 and last traded at $0.22, approximately 7,367,286 shares changed hands during trading. An increase of 219% from the average daily volume of 2,308,638 shares. The stock had previously closed at $0.20.
Separately, Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $1.00.
The stock has a 50-day moving average of $0.31. The firm has a market capitalization of $43.60 million, a PE ratio of 0.36 and a beta of -0.05.
Ultra Petroleum (NASDAQ:UPL) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $271.46 million for the quarter, compared to the consensus estimate of $279.00 million. Ultra Petroleum had a negative return on equity of 11.65% and a net margin of 8.35%. As a group, equities research analysts expect that Ultra Petroleum Corp will post 0.23 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. IPG Investment Advisors LLC grew its position in shares of Ultra Petroleum by 1,200.0% in the first quarter. IPG Investment Advisors LLC now owns 130,000 shares of the company’s stock valued at $79,000 after purchasing an additional 120,000 shares during the last quarter. Spark Investment Management LLC grew its position in shares of Ultra Petroleum by 208.5% in the first quarter. Spark Investment Management LLC now owns 269,900 shares of the company’s stock valued at $164,000 after purchasing an additional 182,400 shares during the last quarter. Ibex Investors LLC grew its position in shares of Ultra Petroleum by 19.6% in the first quarter. Ibex Investors LLC now owns 1,293,075 shares of the company’s stock valued at $789,000 after purchasing an additional 212,192 shares during the last quarter. First Manhattan Co. grew its position in shares of Ultra Petroleum by 26.1% in the first quarter. First Manhattan Co. now owns 1,809,180 shares of the company’s stock valued at $1,103,000 after purchasing an additional 374,124 shares during the last quarter. Finally, Wambolt & Associates LLC acquired a new position in shares of Ultra Petroleum in the first quarter valued at approximately $35,000. 70.97% of the stock is currently owned by institutional investors.
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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