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: Globenewswire.com, which released: “Ultra Petroleum Names Jay Stratton Chief Operating Officer” on May 31, 2018. Fool.com‘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

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