Spark Investment Management LLC purchased a new position in Ultra Petroleum Corp (NYSE:UPL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 75,000 shares of the oil and gas exploration company’s stock, valued at approximately $813,000.

A number of other institutional investors also recently bought and sold shares of UPL. Woodstock Corp bought a new position in Ultra Petroleum Corp during the second quarter worth $112,000. Aperio Group LLC bought a new position in Ultra Petroleum Corp during the second quarter worth $162,000. Parkwood LLC bought a new position in Ultra Petroleum Corp during the second quarter worth $461,000. Strs Ohio bought a new position in Ultra Petroleum Corp during the second quarter worth $1,202,000. Finally, Russell Investments Group Ltd. bought a new position in Ultra Petroleum Corp during the second quarter worth $4,783,000.

Ultra Petroleum Corp (NYSE:UPL) opened at 7.89 on Friday. The stock’s market cap is $1.56 billion. Ultra Petroleum Corp has a 1-year low of $0.85 and a 1-year high of $12.39. The firm’s 50-day moving average is $9.92 and its 200-day moving average is $10.77.

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

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A number of research firms have weighed in on UPL. Zacks Investment Research downgraded shares of Ultra Petroleum Corp from a “buy” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus raised shares of Ultra Petroleum Corp from a “hold” rating to a “buy” rating in a research note 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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