Monarch Partners Asset Management LLC acquired a new stake in Ultra Petroleum Corp (NYSE:UPL) during the second quarter, Holdings Channel reports. The fund acquired 943,585 shares of the oil and gas exploration company’s stock, valued at approximately $10,238,000.

Other institutional investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. purchased a new position in shares of Ultra Petroleum Corp during the second quarter valued at about $4,175,000. Sei Investments Co. purchased a new position in shares of Ultra Petroleum Corp during the second quarter valued at about $102,000. First Manhattan Co. purchased a new position in shares of Ultra Petroleum Corp during the second quarter valued at about $23,328,000. Spark Investment Management LLC purchased a new position in shares of Ultra Petroleum Corp during the second quarter valued at about $813,000. Finally, Strs Ohio purchased a new position in shares of Ultra Petroleum Corp during the second quarter valued at about $1,202,000.

Ultra Petroleum Corp (UPL) opened at 7.89 on Friday. The company’s 50-day moving average price is $9.92 and its 200 day moving average price is $10.77. Ultra Petroleum Corp has a one year low of $0.85 and a one year high of $12.39. The firm’s market capitalization is $1.56 billion.

Ultra Petroleum Corp (NYSE:UPL) last released its earnings results on Wednesday, August 9th. The oil and gas exploration company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.10. The business had revenue of $212.66 million during the quarter, compared to analysts’ expectations of $226.80 million. On average, analysts forecast that Ultra Petroleum Corp will post $1.63 earnings per share for the current year.

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Several brokerages recently issued reports on UPL. Zacks Investment Research cut Ultra Petroleum Corp from a “buy” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Stifel Nicolaus raised Ultra Petroleum Corp from a “hold” rating to a “buy” rating in a report on Monday, June 12th.

About Ultra Petroleum Corp

Ultra Petroleum Corp. (Ultra) is an oil and gas company. The Company is engaged in the development, production, operation, exploration and acquisition 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, 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.

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Institutional Ownership by Quarter for Ultra Petroleum Corp (NYSE:UPL)

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