Is Ultra Petroleum Corp (NASDAQ:UPL) a Buy? The Stock Reported more Sellers

June 13, 2018 - By Robert Sims

The stock of Ultra Petroleum Corp (NASDAQ:UPL) registered an increase of 11.72% in short interest. UPL’s total short interest was 24.00 million shares in June as published by FINRA. Its up 11.72% from 21.48M shares, reported previously. With 3.85M shares average volume, it will take short sellers 6 days to cover their UPL’s short positions. The short interest to Ultra Petroleum Corp’s float is 17.59%.

The stock increased 2.57% or $0.05 during the last trading session, reaching $2. About 1.14 million shares traded. Ultra Petroleum Corp. (NASDAQ:UPL) has declined 85.26% since June 13, 2017 and is downtrending. It has underperformed by 97.83% the S&P500.

Ultra Petroleum Corp., an independent gas and oil company, engages in the acquisition, exploration, development, operation, and production of oil and natural gas properties. The company has market cap of $394.12 million. The Company’s 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. It has a 1.23 P/E ratio. As of December 31, 2016, the firm owned interests in approximately 105,000 gross acres in Wyoming; and 144,000 gross acres in Pennsylvania.

More news for Ultra Petroleum Corp. (NASDAQ:UPL) were recently published by:, which released: “Ultra Petroleum Names Jay Stratton Chief Operating Officer” on May 31, 2018.‘s article titled: “Here’s Why Ultra Petroleum Stock Fell 26.4% in May” and published on June 08, 2018 is yet another important article.

Ultra Petroleum Corp. (NASDAQ:UPL) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: