Checking the Overall Picture for Ultra Petroleum Corp. (UPL)

Ultra Petroleum Corp. (UPL) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $4.87, up from yesterday’s close by 1.88%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Ultra Petroleum Corp. (UPL) currently trades with a market capitalization of $956.27 Million. That value represents a market adjusting for revenues that have been growing by 9.22 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$183.38 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.39 on a per share basis this quarter. Perhaps, that suggests something about why 3.00% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Ultra Petroleum Corp. recorded a 52-week high of $13.60. It is now trading 8.73% off that level. The stock is trading $8.09 its 50-day moving average by 3.22%. The stock carved out a 52-week low down at $4.70.

In recent action, Ultra Petroleum Corp. (UPL) has made a move of -41.25% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.35, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 10.90% with $140.43 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of UPL.

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