Brokerages Expect Ultra Petroleum Corp (NASDAQ:UPL) to Announce $0.01 EPS

Ultra Petroleum Corp (NASDAQ:UPL) has been assigned an average broker rating score of 4.00 (Sell) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating and one has assigned a hold rating to the company.

Analysts have set a one year consensus price target of $1.20 for the company and are predicting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given Ultra Petroleum an industry rank of 164 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Saturday, July 13th.

Shares of UPL remained flat at $$0.19 on Friday. The stock had a trading volume of 1,936,298 shares, compared to its average volume of 6,003,071. The business’s fifty day moving average is $0.28. Ultra Petroleum has a fifty-two week low of $0.16 and a fifty-two week high of $2.04. The stock has a market capitalization of $38.09 million, a price-to-earnings ratio of 0.25 and a beta of -0.05.

Ultra Petroleum (NASDAQ:UPL) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Ultra Petroleum had a negative return on equity of 11.65% and a net margin of 8.35%. The firm had revenue of $271.46 million for the quarter, compared to the consensus estimate of $279.00 million. As a group, sell-side analysts anticipate that Ultra Petroleum will post 0.2 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Ultra Petroleum by 3.1% during the 4th quarter. BlackRock Inc. now owns 12,266,878 shares of the company’s stock worth $9,326,000 after buying an additional 370,548 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Ultra Petroleum by 13.5% in the 4th quarter. Geode Capital Management LLC now owns 2,072,925 shares of the company’s stock valued at $1,575,000 after purchasing an additional 246,147 shares during the period. First Manhattan Co. lifted its stake in shares of Ultra Petroleum by 26.1% in the 1st 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 period. Ibex Investors LLC lifted its stake in shares of Ultra Petroleum by 19.6% in the 1st 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 period. Finally, Hsbc Holdings PLC lifted its stake in shares of Ultra Petroleum by 46.9% in the 4th quarter. Hsbc Holdings PLC now owns 1,273,364 shares of the company’s stock valued at $968,000 after purchasing an additional 406,626 shares during the period. 70.93% of the stock is currently owned by hedge funds and other institutional investors.

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 Wyoming—the Pinedale and Jonah fields.

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