Ultra Petroleum Corp (NASDAQ:UPL) insider J. Jay Jr. Stratton purchased 80,000 shares of the stock in a transaction on Thursday, April 11th. The stock was acquired at an average cost of $0.55 per share, for a total transaction of $44,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
UPL opened at $0.55 on Wednesday. Ultra Petroleum Corp has a twelve month low of $0.53 and a twelve month high of $3.33. The stock has a market capitalization of $108.74 million, a PE ratio of 0.72 and a beta of 0.92.
Ultra Petroleum (NASDAQ:UPL) last posted its earnings results on Thursday, March 7th. The company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.04. Ultra Petroleum had a net margin of 9.55% and a negative return on equity of 13.76%. The business had revenue of $273.21 million for the quarter, compared to analyst estimates of $241.40 million. On average, research analysts expect that Ultra Petroleum Corp will post 0.38 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Wambolt & Associates LLC bought a new stake in shares of Ultra Petroleum in the 1st quarter worth about $35,000. FNY Investment Advisers LLC bought a new stake in shares of Ultra Petroleum in the 4th quarter worth about $38,000. Squarepoint Ops LLC bought a new stake in shares of Ultra Petroleum in the 4th quarter worth about $79,000. SG Americas Securities LLC bought a new stake in shares of Ultra Petroleum in the 4th quarter worth about $80,000. Finally, Rhumbline Advisers grew its holdings in shares of Ultra Petroleum by 38.0% in the 4th quarter. Rhumbline Advisers now owns 234,865 shares of the company’s stock worth $178,000 after purchasing an additional 64,730 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Ultra Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Stifel Nicolaus set a $1.00 price target on shares of Ultra Petroleum and gave the company a “hold” rating in a report on Wednesday, February 20th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $1.63.
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About Ultra Petroleum
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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