Ultra Petroleum Corp (NASDAQ:UPL) insider J. Jay Jr. Stratton bought 80,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were bought at an average price of $0.55 per share, with a total value of $44,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NASDAQ:UPL opened at $0.55 on Tuesday. The firm has a market cap of $107.57 million, a P/E ratio of 0.72 and a beta of 0.92. Ultra Petroleum Corp has a one year low of $0.53 and a one year high of $3.33.
Ultra Petroleum (NASDAQ:UPL) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $273.21 million during the quarter, compared to analysts’ expectations of $241.40 million. Equities analysts predict that Ultra Petroleum Corp will post 0.38 earnings per share for the current year.
UPL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Ultra Petroleum from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Stifel Nicolaus set a $1.00 target price on shares of Ultra Petroleum and gave the company a “hold” rating in a research note on Wednesday, February 20th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Ultra Petroleum has an average rating of “Hold” and a consensus 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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