An issue of “Ultra Petroleum Corp.” (NASDAQ:UPL) bonds fell 1.2% against their face value during trading on Friday. The debt issue has a 7.125% coupon and is set to mature on April 15, 2025. The debt is now trading at $77.50 and was trading at $82.00 last week. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of “Ultra Petroleum Corp.” from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Stifel Nicolaus decreased their price target on shares of “Ultra Petroleum Corp.” from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, March 26th.
UPL stock opened at $3.48 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of -1.83. “Ultra Petroleum Corp.” has a twelve month low of $3.40 and a twelve month high of $13.60. The firm has a market cap of $738.26 and a price-to-earnings ratio of 1.45.
“Ultra Petroleum Corp.” (NASDAQ:UPL) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.09. “Ultra Petroleum Corp.” had a net margin of 19.86% and a negative return on equity of 29.81%. The business had revenue of $240.63 million for the quarter, compared to analysts’ expectations of $227.00 million. analysts anticipate that “Ultra Petroleum Corp.” will post 1.14 EPS for the current fiscal year.
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About “Ultra Petroleum Corp.”
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; and its oil reserves in the Uinta Basin in northeast Utah.
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