Zacks Investment Research lowered shares of Ultra Petroleum (NASDAQ:UPL) from a hold rating to a sell rating in a research note released on Sunday.

According to Zacks, “Ultra Petroleum Corp. is an energy company. It engaged in domestic natural gas and oil exploration, development and production. Ultra Petroleum Corp. is based in Houston, United States. “

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus lowered their target price on shares of Ultra Petroleum from $10.00 to $9.00 and set a buy rating on the stock in a research report on Monday, March 26th. Capital One Financial downgraded shares of Ultra Petroleum from an equal weight rating to an underweight rating in a research report on Thursday, May 10th. Finally, ValuEngine downgraded shares of Ultra Petroleum from a hold rating to a sell rating in a research report on Wednesday, May 2nd.

NASDAQ UPL opened at $1.77 on Friday. Ultra Petroleum has a 1-year low of $1.54 and a 1-year high of $10.98. The company has a debt-to-equity ratio of -1.93, a quick ratio of 0.50 and a current ratio of 0.57. The firm has a market capitalization of $348.79 million, a PE ratio of 0.87 and a beta of 1.68.

Ultra Petroleum (NASDAQ:UPL) last posted its quarterly earnings results on Thursday, May 10th. The company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. Ultra Petroleum had a net margin of 35.07% and a negative return on equity of 24.19%. The business had revenue of $225.37 million for the quarter, compared to the consensus estimate of $215.70 million. sell-side analysts predict that Ultra Petroleum will post 0.88 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. Disciplined Growth Investors Inc. MN increased its position in Ultra Petroleum by 1,120.6% during the first quarter. Disciplined Growth Investors Inc. MN now owns 13,118,105 shares of the company’s stock worth $54,321,000 after buying an additional 12,043,389 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Ultra Petroleum by 32.6% during the first quarter. Victory Capital Management Inc. now owns 4,337,148 shares of the company’s stock valued at $18,085,000 after acquiring an additional 1,065,441 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Ultra Petroleum by 26.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,172,467 shares of the company’s stock valued at $13,229,000 after acquiring an additional 669,992 shares during the period. Key Square Capital Management LLC boosted its holdings in Ultra Petroleum by 44.3% during the first quarter. Key Square Capital Management LLC now owns 1,857,186 shares of the company’s stock valued at $7,744,000 after acquiring an additional 570,309 shares during the period. Finally, MUFG Securities EMEA plc bought a new stake in Ultra Petroleum during the first quarter valued at about $4,587,000.

About Ultra Petroleum

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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