Ultra Petroleum Corp (UPLMQ) Position Boosted by SG Americas Securities LLC
SG Americas Securities LLC increased its position in Ultra Petroleum Corp (OTCMKTS:UPLMQ) by 121.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,576 shares of the energy company’s stock after acquiring an additional 23,896 shares during the period. SG Americas Securities LLC’s holdings in Ultra Petroleum were worth $378,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sei Investments Co. purchased a new stake in Ultra Petroleum during the 2nd quarter valued at $102,000. Financial Advisory Group purchased a new stake in Ultra Petroleum during the 2nd quarter valued at $112,000. Cetera Investment Advisers purchased a new stake in Ultra Petroleum during the 2nd quarter valued at $122,000. Keybank National Association OH purchased a new stake in Ultra Petroleum during the 2nd quarter valued at $136,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new stake in Ultra Petroleum during the 2nd quarter valued at $162,000. Institutional investors own 9.41% of the company’s stock.
Shares of Ultra Petroleum Corp (OTCMKTS UPLMQ) remained flat at $$7.23 on Friday. Ultra Petroleum Corp has a 1-year low of $0.16 and a 1-year high of $8.75.
Ultra Petroleum (OTCMKTS:UPLMQ) last announced its earnings results on Tuesday, November 7th. The energy company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The business had revenue of $217.63 million for the quarter, compared to analyst estimates of $209.20 million.
UPLMQ has been the subject of a number of research reports. KLR Group initiated coverage on shares of Ultra Petroleum in a research note on Tuesday, August 29th. They set a “buy” rating and a $14.00 target price for the company. Zacks Investment Research lowered shares of Ultra Petroleum from a “hold” rating to a “strong sell” rating in a research note on Friday, November 10th.
About Ultra Petroleum
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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