Ultra Petroleum Corp. (NASDAQ:UPL) is one of the stocks that are taking the center stage today as the company shares are trading 3.29% or 0.012 points lower from last closing price of $0.35, reaching $0.3385 at last check. So what’s going on with UPL shares anyway? The price has dropped in 2 of the last 5 days and is down -43.13% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -750,773 shares, and in total 789627 shares valued at $267289 were seen changing hands compared with 1.54 million shares valued at $539140 recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the UPL stock is near its bottom.
Ultra Petroleum Corp. (UPL) shares have notched a 3-month decline of about -43.13%, but has still tumbled -53.94% year to date. By comparison, the stock sank -82.75% over the past 12 months, while it slipped -25.51% over the 1 month. The company’s market cap is around $74.14M, with its short interest ratio standing at 27.19%.
In the current trading session for UPL, the stock witnessed two major price actions, it rose to a high of $0.3676 and was down as much as $0.335 at one point. The high recorded is very low when compared to their 52-week high which is $0.32. The 52-week high is now at -85.95 distance from current price. Their recent low of $2.42 represents a 6.25% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for UPL is $1.55, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Ultra Petroleum Corp. earned $0.4 per share in the trailing 12 months and has a P/E ratio of 0.85. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 4.27 and lower compared to the sector’s average of 10.05. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. UPL also has P/S multiple of 0.08. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 92.49x.
The company recorded an interesting insider purchase transaction by the Insider on Apr 11, 2019. A Securities and Exchanges Commission filings show that J. Jay Jr. Stratton bought a total of 80,000 UPL shares that day for a sum of around $44,000. Ultra Petroleum Corp. (UPL) insiders have acquired 140,000 shares in the stock within the past three months. In total, individual insiders traded 239,733 shares in the business, which makes up 100% of 239,733 shares that were traded over a year. In the past 12 months, insiders have purchased 140,000 shares while the seller parted with 99,733 shares.
UPL‘s last price was down -61.05% as compared to the average trading price of 50 days recorded at $0.87 while enlarging the period to 200 trading days, the average closing price was $0.44. At present, there are 211.76 million in the total number of common shares owned by the public and among those 194.05 million shares have been available to trade. The percentage of shares being held by the company management was 0.4% while institutions stake was 75.8%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 68.1% over the past 12 months.
When assessing the full upside of the UPL stock, there is another set of technicals that should be looked into and considered. Its -11.4% decline from moving average of $0.38 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Ultra Petroleum Corp. — 0 analysts rate the stock as a buy with another 0 rating it strong buy. There are 2 analysts who maintain a hold rating for the stock, with 1 giving it a sell rating. Analysts arrived at a 12-month price target of $1 on shares of Ultra Petroleum Corp. (NASDAQ:UPL), which corresponds to 194.12% upside potential than its current market price of $0.3385 and implies potential despite the recent drop in the price. However, their current target price has fallen from $1 a month ago and is down handily from the consensus target of $1 a quarter ago.
In the last five years, the EPS of the company has been roughly -22.5%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 20.4%. The revenue of the company has retreated at an average annualized rate of about -0.9 over the last five years. The company recently recorded an increase of 20.5%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards UPL stock. Oaktree Capital Management LP trimmed position in the company after it dumped -7.1% or 635,952 shares of its common stock. The hedge fund now owns 590,799 shares worth $199,986, SEC documents show. IPG Investment Advisors LLC shored up assets in the stock as 10000 shares have been purchased, increasing its stake by 1200% to 130,000 shares which are currently valued at $44,005. In addition, Spark Investment Management LLC recently reported that it now owns 269,900 shares making a total of $91,361 based on the recent price. This refelects a change of 208.5% in their ownership.