BlueMountain Capital Management LLC Buys Shares of 456,274 Ultra Petroleum Corp (UPL)

BlueMountain Capital Management LLC bought a new stake in Ultra Petroleum Corp (NASDAQ:UPL) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 456,274 shares of the company’s stock, valued at approximately $1,054,000. BlueMountain Capital Management LLC owned approximately 0.23% of Ultra Petroleum as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ultra Petroleum during the 1st quarter valued at about $242,000. Legal & General Group Plc grew its position in shares of Ultra Petroleum by 89.0% during the 1st quarter. Legal & General Group Plc now owns 92,482 shares of the company’s stock valued at $385,000 after buying an additional 43,553 shares during the last quarter. IPG Investment Advisors LLC bought a new stake in shares of Ultra Petroleum during the 2nd quarter valued at about $254,000. Freestone Capital Holdings LLC bought a new stake in shares of Ultra Petroleum during the 1st quarter valued at about $507,000. Finally, Barclays PLC grew its position in shares of Ultra Petroleum by 114.1% during the 1st quarter. Barclays PLC now owns 132,429 shares of the company’s stock valued at $552,000 after buying an additional 70,588 shares during the last quarter. Institutional investors and hedge funds own 90.62% of the company’s stock.

NASDAQ UPL opened at $1.18 on Friday. Ultra Petroleum Corp has a 52 week low of $0.92 and a 52 week high of $10.18. The company has a quick ratio of 0.43, a current ratio of 0.50 and a debt-to-equity ratio of -1.95. The stock has a market capitalization of $242.38 million, a price-to-earnings ratio of 0.58 and a beta of 0.59.

Ultra Petroleum (NASDAQ:UPL) last posted its earnings results on Thursday, August 9th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Ultra Petroleum had a negative return on equity of 21.81% and a negative net margin of 23.49%. The firm had revenue of $190.14 million during the quarter, compared to the consensus estimate of $202.80 million. equities analysts expect that Ultra Petroleum Corp will post 0.79 earnings per share for the current year.

A number of equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of Ultra Petroleum from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. Zacks Investment Research raised shares of Ultra Petroleum from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 6th. Capital One Financial downgraded shares of Ultra Petroleum from an “equal weight” rating to an “underweight” rating in a research report on Friday, August 10th. National Alliance Securities downgraded shares of Ultra Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Stifel Nicolaus downgraded shares of Ultra Petroleum from a “buy” rating to a “hold” rating and lowered their price objective for the company from $3.00 to $1.00 in a research report on Friday, May 25th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $1.63.

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; and its oil reserves in the Uinta Basin in northeast Utah.

See Also: Moving Average (MA)

Institutional Ownership by Quarter for Ultra Petroleum (NASDAQ:UPL)

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