Ultra Petroleum Corp. Target of Unusually Large Options Trading (UPL)
Shares of Ultra Petroleum Corp. (NYSE:UPL) were the recipient of unusually large options trading on Tuesday. Investors bought 3,976 put options on the stock, Analyst Ratings Net reports. This is an increase of approximately 120% compared to the average volume of 1,811 put options.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Ultra Petroleum Corp. in a research note on Monday, August 18th. They now have a $25.00 price target on the stock, up previously from $24.00. Separately, analysts at Capital One Financial Corp. upgraded shares of Ultra Petroleum Corp. from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 15th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Ultra Petroleum Corp. has a consensus rating of “Hold” and a consensus target price of $29.36.
Shares of Ultra Petroleum Corp. (NYSE:UPL) traded up 1.84% on Tuesday, hitting $26.05. 2,176,320 shares of the company’s stock traded hands. Ultra Petroleum Corp. has a 1-year low of $18.22 and a 1-year high of $31.43. The stock’s 50-day moving average is $24.76 and its 200-day moving average is $26.58. The company has a market cap of $3.991 billion and a price-to-earnings ratio of 12.66.
Ultra Petroleum Corp. (NYSE:UPL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.01. The company had revenue of $296.10 million for the quarter, compared to the consensus estimate of $275.60 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts expect that Ultra Petroleum Corp. will post $2.80 EPS for the current fiscal year.
Ultra Petroleum Corp. (NYSE:UPL) is an independent oil and gas company engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties.
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