Analysts at KLR Group assumed coverage on shares of Ultra Petroleum Corp (NYSE:UPL) in a report released on Tuesday. The firm set a “buy” rating on the oil and gas exploration company’s stock.

A number of other analysts also recently issued reports on UPL. Stifel Nicolaus raised Ultra Petroleum Corp from a “hold” rating to a “buy” rating in a research note on Monday, June 12th. Zacks Investment Research downgraded Ultra Petroleum Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th.

Shares of Ultra Petroleum Corp (NYSE:UPL) opened at 7.61 on Tuesday. The stock has a market cap of $1.38 billion and a PE ratio of 1.71. Ultra Petroleum Corp has a 52 week low of $7.37 and a 52 week high of $13.60. The stock has a 50 day moving average of $9.47 and a 200-day moving average of $10.45.

Ultra Petroleum Corp (NYSE:UPL) last posted its quarterly earnings data on Wednesday, August 9th. The oil and gas exploration company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.10. The company had revenue of $212.66 million during the quarter, compared to analysts’ expectations of $226.80 million. Equities research analysts predict that Ultra Petroleum Corp will post $1.28 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “KLR Group Begins Coverage on Ultra Petroleum Corp (UPL)” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/klr-group-begins-coverage-on-ultra-petroleum-corp-upl/1529308.html.

In related news, major shareholder Fir Tree Inc. acquired 1,549,899 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was acquired at an average price of $7.85 per share, for a total transaction of $12,166,707.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Large investors have recently bought and sold shares of the company. Sei Investments Co. purchased a new position in Ultra Petroleum Corp during the second quarter valued at approximately $102,000. Woodstock Corp bought a new position in Ultra Petroleum Corp during the second quarter worth about $112,000. Financial Advisory Group bought a new position in Ultra Petroleum Corp during the second quarter worth about $112,000. Cetera Investment Advisers bought a new position in Ultra Petroleum Corp during the second quarter worth about $122,000. Finally, Keybank National Association OH bought a new position in Ultra Petroleum Corp during the second quarter worth about $136,000.

About Ultra Petroleum Corp

Ultra Petroleum Corp. (Ultra) is an oil and gas company. The Company is engaged in the development, production, operation, exploration and acquisition 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, its oil reserves in the Uinta Basin in northeast Utah and its natural gas reserves in the north-central Pennsylvania area of the Appalachian Basin.

Receive News & Ratings for Ultra Petroleum Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Petroleum Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.