Ultra Petroleum (UPL) Set to Announce Earnings on Thursday

Ultra Petroleum (NASDAQ:UPL) will be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.

Ultra Petroleum (NASDAQ:UPL) last announced its earnings results on Thursday, March 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $273.21 million for the quarter, compared to analysts’ expectations of $241.40 million. Ultra Petroleum had a net margin of 9.55% and a negative return on equity of 13.76%. On average, analysts expect Ultra Petroleum to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Ultra Petroleum stock opened at $0.43 on Tuesday. The firm has a market capitalization of $82.96 million, a PE ratio of 0.56 and a beta of 0.69. Ultra Petroleum has a 12 month low of $0.40 and a 12 month high of $2.74.

UPL has been the topic of a number of recent research reports. 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 target price 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 company. The stock currently has an average rating of “Hold” and an average target price of $1.63.

In other news, insider David W. Honeyfield acquired 60,000 shares of the company’s stock in a transaction on Friday, March 29th. The shares were bought at an average cost of $0.61 per share, with a total value of $36,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider J. Jay Jr. Stratton acquired 80,000 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was purchased at an average cost of $0.55 per share, for a total transaction of $44,000.00. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

An institutional investor recently raised its position in Ultra Petroleum stock. Geode Capital Management LLC grew its stake in shares of Ultra Petroleum Corp (NASDAQ:UPL) by 13.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,072,925 shares of the company’s stock after purchasing an additional 246,147 shares during the period. Geode Capital Management LLC owned approximately 1.05% of Ultra Petroleum worth $1,575,000 at the end of the most recent reporting period. 75.32% of the stock is currently owned by institutional investors and hedge funds.

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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 Wyoming—the Pinedale and Jonah fields.

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Earnings History for Ultra Petroleum (NASDAQ:UPL)

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