Ultra Petroleum Corp (NASDAQ:UPL) has been given a consensus broker rating score of 4.00 (Sell) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating and one has assigned a hold rating to the company.

Brokerages have set a 12-month consensus price objective of $1.40 for the company and are anticipating that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also given Ultra Petroleum an industry rank of 177 out of 255 based on the ratings given to its competitors.

A number of brokerages recently issued reports on UPL. Zacks Investment Research raised Ultra Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Stifel Nicolaus set a $1.00 price target on Ultra Petroleum and gave the company a “hold” rating in a research note on Wednesday, February 20th.

Large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC purchased a new stake in shares of Ultra Petroleum during the fourth quarter valued at approximately $38,000. Rhumbline Advisers increased its position in Ultra Petroleum by 38.0% in the fourth quarter. Rhumbline Advisers now owns 234,865 shares of the company’s stock worth $178,000 after buying an additional 64,730 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Ultra Petroleum in the fourth quarter worth $79,000. SG Americas Securities LLC purchased a new stake in Ultra Petroleum in the fourth quarter worth $80,000. Finally, Ibex Investors LLC increased its position in Ultra Petroleum by 11.4% in the fourth quarter. Ibex Investors LLC now owns 1,080,883 shares of the company’s stock worth $821,000 after buying an additional 110,399 shares during the last quarter. Institutional investors and hedge funds own 79.76% of the company’s stock.

UPL stock traded up $0.01 during midday trading on Friday, reaching $0.60. 19,977 shares of the company’s stock traded hands, compared to its average volume of 1,715,262. The stock has a market cap of $118.43 million, a price-to-earnings ratio of 0.78 and a beta of 0.92. Ultra Petroleum has a fifty-two week low of $0.55 and a fifty-two week high of $5.01.

Ultra Petroleum (NASDAQ:UPL) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. Ultra Petroleum had a negative return on equity of 13.76% and a net margin of 9.55%. The company had revenue of $273.21 million during the quarter, compared to analysts’ expectations of $241.40 million. On average, research analysts anticipate that Ultra Petroleum will post 0.2 earnings per share for the current fiscal year.

About Ultra Petroleum

Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, operation, and production 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.

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