Drilling Down Into 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 $2.40, up from yesterday’s close by 17.65%. 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 $663.46 Million. That value represents a market adjusting for revenues that have been growing by 2.00 % 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 -$561 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.27 on a per share basis this quarter. Perhaps, that suggests something about why 2.99% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Ultra Petroleum Corp. recorded a 52-week high of $12.39. It is now trading 9.99% off that level. The stock is trading $3.30 its 50-day moving average by 0.9%. The stock carved out a 52-week low down at $1.73.

In recent action, Ultra Petroleum Corp. (UPL) has made a move of -19.46% 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 15.08, 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 17.58% with $136.55 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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