Stock Traders Purchase Large Volume of Call Options on Ultra Petroleum Corp (UPL)
Ultra Petroleum Corp (NYSE:UPL) saw unusually large options trading activity on Monday. Stock traders acquired 24,568 call options on the company. This is an increase of approximately Infinity compared to the typical daily volume of 0 call options.
Ultra Petroleum Corp (NYSE:UPL) opened at $8.46 on Thursday. Ultra Petroleum Corp has a 1-year low of $0.16 and a 1-year high of $8.75.
Ultra Petroleum Corp (NYSE:UPL) last announced its earnings results on Tuesday, November 7th. The oil and gas exploration company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The firm had revenue of $217.63 million for the quarter, compared to analyst estimates of $209.20 million.
In other Ultra Petroleum Corp news, major shareholder Fir Tree Inc. bought 3,044,821 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average cost of $8.16 per share, with a total value of $24,845,739.36. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders have acquired 6,018,620 shares of company stock worth $48,152,106.
Several institutional investors have recently made changes to their positions in UPL. Vanguard Group Inc. acquired a new position in Ultra Petroleum Corp in the 2nd quarter valued at $139,044,000. PointState Capital LP acquired a new position in Ultra Petroleum Corp in the 2nd quarter valued at $56,965,000. Numeric Investors LLC acquired a new position in Ultra Petroleum Corp in the 2nd quarter valued at $42,298,000. Northern Trust Corp acquired a new position in Ultra Petroleum Corp in the 2nd quarter valued at $35,624,000. Finally, Harris Associates L P acquired a new position in Ultra Petroleum Corp in the 2nd quarter valued at $31,767,000.
A number of brokerages have recently commented on UPL. KLR Group began coverage on shares of Ultra Petroleum Corp in a report on Tuesday, August 29th. They issued a “buy” rating and a $14.00 target price on the stock. Zacks Investment Research raised shares of Ultra Petroleum Corp from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 27th.
ILLEGAL ACTIVITY WARNING: This story was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.dailypolitical.com/2017/11/08/stock-traders-purchase-large-volume-of-call-options-on-ultra-petroleum-corp-upl.html.
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.
Receive News & Ratings for Ultra Petroleum Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Petroleum Corp and related companies with MarketBeat.com's FREE daily email newsletter.