Ultra Petroleum (UPL) is Downgraded by Raymond James to Underperform , according to the research report released to the investors. Earlier the firm had a rating of Mkt Perform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
Ultra Petroleum Corp. has dropped 58.4% during the last 3-month period . Year-to-Date the stock performance stands at -81%.The company shares have dropped -81.46% from its 1 Year high price. On May 4, 2015, the shares registered one year high at $18.04 and the one year low was seen on Dec 17, 2015. The 50-Day Moving Average price is $3.41 and the 200 Day Moving Average price is recorded at $6.95.
Ultra Petroleum Corp. (NYSE:UPL) has lost 7.06% during the past week and dropped 26.25% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 6.29%. Ultra Petroleum Corp. (NYSE:UPL) has underperformed the index by 24.53% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Ultra Petroleum Corp. (NYSE:UPL) : On Thursday heightened volatility was witnessed in Ultra Petroleum Corp. (NYSE:UPL) which led to swings in the share price. The shares opened for trading at $2.45 and hit $2.54 on the upside , eventually ending the session at $2.5, with a gain of 2.46% or 0.06 points. The heightened volatility saw the trading volume jump to 3,018,542 shares. The 52-week high of the share price is $18.0425 and the company has a market cap of $383 million. The 52-week low of the share price is at $1.85 .
Currently the company Insiders own 3.3% of Ultra Petroleum Corp. shares according to the proxy statements. Institutional Investors own 94.16% of Ultra Petroleum Corp. shares.
Ultra Petroleum Corp. (Ultra) is an independent oil and gas company engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties. The Companys operations are primarily located in the Green River Basin of southwest Wyoming and the north-central Pennsylvania area of the Appalachian Basin. Ultras operations in southwest Wyoming are focused on developing its natural gas reserves in a tight gas sand trend located in the Green River Basin with targets in the sands of the upper Cretaceous Lance Pool in the Pinedale and Jonah fields. As of December 31, 2012, Ultra owned interests in approximately 84,000 gross (49,000 net) acres in Wyoming covering approximately 190 square miles. In December 2012, CorEnergy Infrastructure Trust, Inc acquired a liquids gathering system (LGS) from Ultra. Effective December 12, 2013, Ultra Petroleum Corp acquired an undisclosed oil and gas producing properties, located in Uinta Basin.