Shares of Ultra Petroleum Corp (NASDAQ:UPL) have been assigned a consensus broker rating score of 4.00 (Sell) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating and one has given a hold rating to the company. Ultra Petroleum’s rating score has declined by 33.3% in the last three months as a result of various analysts’ ratings changes.

Analysts have set a 1-year consensus price objective of $1.60 for the company and are expecting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also given Ultra Petroleum an industry rank of 25 out of 255 based on the ratings given to related companies.

UPL has been the subject of several research reports. Zacks Investment Research downgraded shares of Ultra Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 7th. National Alliance Securities downgraded shares of Ultra Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. ValuEngine downgraded shares of Ultra Petroleum from a “sell” rating to a “strong sell” rating in a research note on Friday, September 7th. Finally, Capital One Financial downgraded shares of Ultra Petroleum from an “equal weight” rating to an “underweight” rating in a research note on Friday, August 10th.

UPL stock traded down $0.02 on Tuesday, hitting $1.43. 2,030,363 shares of the company were exchanged, compared to its average volume of 4,083,113. The company has a debt-to-equity ratio of -1.95, a quick ratio of 0.43 and a current ratio of 0.50. Ultra Petroleum has a twelve month low of $0.82 and a twelve month high of $10.18. The firm has a market capitalization of $285.73 million, a price-to-earnings ratio of 0.70 and a beta of 0.63.

Ultra Petroleum (NASDAQ:UPL) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.17 earnings per share (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 business had revenue of $190.14 million for the quarter, compared to analysts’ expectations of $202.80 million. As a group, equities analysts forecast that Ultra Petroleum will post 0.73 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its stake in Ultra Petroleum by 3.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 908,476 shares of the company’s stock worth $2,099,000 after buying an additional 32,221 shares during the period. Legal & General Group Plc grew its stake in Ultra Petroleum by 89.0% during the first quarter. Legal & General Group Plc now owns 92,482 shares of the company’s stock worth $385,000 after buying an additional 43,553 shares during the period. Raffles Associates LP grew its stake in Ultra Petroleum by 50.0% during the second quarter. Raffles Associates LP now owns 150,000 shares of the company’s stock worth $346,000 after buying an additional 50,000 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Ultra Petroleum during the first quarter worth approximately $242,000. Finally, Barclays PLC boosted its stake in shares of Ultra Petroleum by 114.1% in the first quarter. Barclays PLC now owns 132,429 shares of the company’s stock valued at $552,000 after purchasing an additional 70,588 shares during the period. Institutional investors own 90.68% of the company’s stock.

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.

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