Ultra Petroleum Corp (NASDAQ:UPL) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 33,798,352 shares, an increase of 6.7% from the July 13th total of 31,686,875 shares. Currently, 17.5% of the shares of the company are short sold. Based on an average trading volume of 2,348,569 shares, the days-to-cover ratio is currently 14.4 days.

NASDAQ UPL opened at $1.17 on Friday. The company has a debt-to-equity ratio of -1.93, a quick ratio of 0.50 and a current ratio of 0.57. Ultra Petroleum has a 52 week low of $1.08 and a 52 week high of $10.18. The stock has a market capitalization of $333.02 million, a PE ratio of 0.58 and a beta of 1.04.

Ultra Petroleum (NASDAQ:UPL) last posted its quarterly earnings data on Thursday, August 9th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Ultra Petroleum had a negative return on equity of 24.19% and a net margin of 35.07%. The company had revenue of $190.14 million during the quarter, compared to the consensus estimate of $202.80 million. equities analysts predict that Ultra Petroleum will post 0.9 EPS for the current fiscal year.

A number of research analysts have weighed in on UPL shares. Stifel Nicolaus set a $3.00 target price on Ultra Petroleum and gave the company a “buy” rating in a report on Tuesday, April 24th. Zacks Investment Research downgraded Ultra Petroleum from a “strong-buy” rating to a “hold” rating in a report on Saturday, July 7th. National Alliance Securities downgraded Ultra Petroleum from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine downgraded Ultra Petroleum from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Capital One Financial downgraded Ultra Petroleum from an “equal weight” rating to an “underweight” rating in a research note on Thursday, May 10th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $1.63.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Ultra Petroleum by 3.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 908,476 shares of the company’s stock worth $2,099,000 after buying an additional 32,221 shares during the period. Legal & General Group Plc raised its stake in shares of Ultra Petroleum by 89.0% in the first quarter. Legal & General Group Plc now owns 92,482 shares of the company’s stock worth $385,000 after buying an additional 43,553 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Ultra Petroleum in the first quarter worth about $242,000. Barclays PLC raised its stake in shares of Ultra Petroleum by 114.1% in the first quarter. Barclays PLC now owns 132,429 shares of the company’s stock worth $552,000 after buying an additional 70,588 shares during the period. Finally, Tibra Equities Europe Ltd raised its stake in shares of Ultra Petroleum by 219.8% in the first quarter. Tibra Equities Europe Ltd now owns 158,092 shares of the company’s stock worth $659,000 after buying an additional 108,656 shares during the period.

Ultra Petroleum Company Profile

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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