Ultra Petroleum Corp (NASDAQ:UPL) – Research analysts at Capital One Financial cut their Q2 2019 EPS estimates for shares of Ultra Petroleum in a note issued to investors on Monday, June 3rd, Zacks Investment Research reports. Capital One Financial analyst B. Velie now forecasts that the company will post earnings of $0.00 per share for the quarter, down from their previous forecast of $0.10. Capital One Financial also issued estimates for Ultra Petroleum’s Q3 2019 earnings at $0.00 EPS, Q4 2019 earnings at $0.00 EPS, FY2019 earnings at $0.12 EPS and FY2020 earnings at $0.10 EPS.
NASDAQ:UPL traded down $0.01 on Wednesday, reaching $0.18. 17,826,441 shares of the stock traded hands, compared to its average volume of 1,692,007. The stock has a market capitalization of $37.64 million, a price-to-earnings ratio of 0.31 and a beta of 0.61. The firm has a 50 day moving average of $0.38. Ultra Petroleum has a 1-year low of $0.18 and a 1-year high of $2.35.
Ultra Petroleum (NASDAQ:UPL) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $271.46 million during the quarter, compared to analyst estimates of $279.00 million. Ultra Petroleum had a net margin of 8.35% and a negative return on equity of 11.65%.
In other Ultra Petroleum news, insider J. Jay Jr. Stratton purchased 80,000 shares of Ultra Petroleum stock in a transaction that occurred on Thursday, April 11th. The stock was acquired at an average price of $0.55 per share, with a total value of $44,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of UPL. Wambolt & Associates LLC bought a new position in Ultra Petroleum during the 1st quarter valued at $35,000. Squarepoint Ops LLC bought a new position in Ultra Petroleum during the 4th quarter valued at $79,000. SG Americas Securities LLC bought a new position in Ultra Petroleum during the 4th quarter valued at $80,000. IPG Investment Advisors LLC lifted its stake in Ultra Petroleum by 1,200.0% during the 1st quarter. IPG Investment Advisors LLC now owns 130,000 shares of the company’s stock valued at $79,000 after acquiring an additional 120,000 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Ultra Petroleum by 38.0% during the 4th quarter. Rhumbline Advisers now owns 234,865 shares of the company’s stock valued at $178,000 after acquiring an additional 64,730 shares in the last quarter. 70.97% of the stock is owned by institutional investors and hedge funds.
Ultra Petroleum Company Profile
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.