Ultra Petroleum Corp. (UPL) Bonds Trading 1.3% Higher
An issue of Ultra Petroleum Corp. (NYSE:UPL) bonds rose 1.3% against their face value during trading on Monday. The high-yield debt issue has a 6.125% coupon and will mature on October 1, 2024. The bonds in the issue are now trading at $70.50 and were trading at $79.50 one week ago. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price.
Ultra Petroleum Corp. (NYSE:UPL) remained flat at $0.31 during midday trading on Monday. Ultra Petroleum Corp. has a 1-year low of $0.18 and a 1-year high of $2.77. The stock has a 50-day moving average of $0.31 and a 200 day moving average of $0.31.
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About Ultra Petroleum Corp.
Ultra Petroleum Corp. is an independent oil and gas company. The Company is engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties. The Company operates in natural gas and oil exploration and development industry, with geographical segment, the United States.
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