Somewhat Positive Media Coverage Somewhat Unlikely to Affect Ultra Petroleum Corp (UPL) Share Price
News articles about Ultra Petroleum Corp (NYSE:UPL) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ultra Petroleum Corp earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the oil and gas exploration company an impact score of 44.9328426736334 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Ultra Petroleum Corp (UPL) versus Midstates Petroleum (MPO) Head-To-Head Analysis (americanbankingnews.com)
- ETFs with exposure to Ultra Petroleum Corp. : September 15, 2017 (finance.yahoo.com)
- Active Stock’s Momentum- Ultra Petroleum Corp. (NASDAQ:UPL), Continental Resources, Inc. (NYSE:CLR), Dave … – Market Breaking Point (press release) (journalfinance.net)
- Ultra Petroleum Corp. (NASDAQ:UPL) – Hot Stock of the Day – The Investor Guide (wallstreetnews24.com)
- Ultra Petroleum Corp. :UPL-US: Earnings Analysis: Q2, 2017 By the Numbers : September 14, 2017 (finance.yahoo.com)
Several research firms have commented on UPL. Stifel Nicolaus raised Ultra Petroleum Corp from a “hold” rating to a “buy” rating in a research report on Monday, June 12th. Zacks Investment Research lowered Ultra Petroleum Corp from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, KLR Group assumed coverage on Ultra Petroleum Corp in a report on Tuesday, August 29th. They issued a “buy” rating and a $14.00 target price on the stock.
Ultra Petroleum Corp (UPL) traded down 2.10% on Friday, hitting $8.84. The stock had a trading volume of 8,980,141 shares. Ultra Petroleum Corp has a 12-month low of $0.85 and a 12-month high of $12.39. The company has a market cap of $1.60 billion and a price-to-earnings ratio of 1.98. The company’s 50 day moving average price is $8.49 and its 200-day moving average price is $10.16.
Ultra Petroleum Corp (NYSE:UPL) last posted its earnings results on Wednesday, August 9th. The oil and gas exploration company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.10). The company had revenue of $212.66 million during the quarter, compared to analysts’ expectations of $226.80 million. Equities research analysts anticipate that Ultra Petroleum Corp will post $2.15 EPS for the current year.
In other Ultra Petroleum Corp news, major shareholder Fir Tree Inc. bought 100,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average cost of $8.00 per share, for a total transaction of $800,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders purchased 6,018,620 shares of company stock worth $48,152,106.
Ultra Petroleum Corp Company Profile
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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