Somewhat Positive Press Coverage Somewhat Unlikely to Impact Ultra Petroleum Corp (UPL) Share Price
Media stories about Ultra Petroleum Corp (NYSE:UPL) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ultra Petroleum Corp earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media coverage about the oil and gas exploration company an impact score of 46.9634396963219 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Ultra Petroleum Corp (NYSE UPL) traded down 4.675% on Friday, reaching $8.055. The company’s stock had a trading volume of 2,504,989 shares. Ultra Petroleum Corp has a 12-month low of $7.37 and a 12-month high of $13.60. The company has a market capitalization of $1.46 billion and a price-to-earnings ratio of 1.806. The company’s 50-day moving average is $9.60 and its 200 day moving average is $10.61.
Ultra Petroleum Corp (NYSE:UPL) last posted its quarterly earnings data on Wednesday, August 9th. The oil and gas exploration company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.10. The company had revenue of $212.66 million during the quarter, compared to the consensus estimate of $226.80 million. Equities analysts anticipate that Ultra Petroleum Corp will post $1.28 earnings per share for the current fiscal year.
Several brokerages have commented on UPL. Zacks Investment Research downgraded Ultra Petroleum Corp from a “buy” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus upgraded 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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