Ultra Petroleum Corp. (UPL) shares saw a recent bid of $11.20 and 3.08M shares have exchanged hands in the recent trading session, yielding a -3.53% decline over the past week. The stock price increased 2.94% or $-0.32 versus $10.88 at the end of the prior session. This change led market cap to move at $2.21B, putting the price -17.65% below the 52-week high and 7.58% above the 52-week low. The company’s stock has a normal trading capacity of 1.29M shares while the relative volume is 2.39.
By historical standards, Ultra Petroleum Corp. remains a cheap stock. The company’s current price-earnings ratio amounts to 19.94 times earnings, below the average P/E ratio of 20.71 times earnings. For now, Ultra Petroleum Corp. is the toast of Wall Street as its ABR stands at 3.00 with 0 out of 1 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Ultra Petroleum Corp. has a 5.58% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Ultra Petroleum Corp. has far performed well this year, with the share price down -7.59% since January.
Revenue for the quarter also killed consensus, coming in at $215.86M, compared to the consensus of 212.8M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.05. The company is expected to report EPS as high as $0.05 and as low as $0.05 per share. Similarly, full-year EPS forecasts have ranged between $0.71 and $0.71. The mean EPS estimate is $0.71. On the other side, sales forecasts for the current quarter are $244.2M. The stock is expected to report revenue as high as $244.2M and as low as $244.2M per share. Similarly, full-year sales forecasts have ranged between $1.05B and $1.05B. The mean revenue estimate is $1.05B.
Over the last 5 years, Ultra Petroleum Corp. has averaged a -6.48% YoY EPS growth rate. Analysts are expecting EPS growth rates to be at 132.20% this quarter and EPS estimate for next year reflect -1.80% growth rate.
Sell-side analysts also have something to say about this company.