Ultra Petroleum Corp (NYSE:UPL) Getting Somewhat Favorable Media Coverage, Analysis Finds

Media stories about Ultra Petroleum Corp (NYSE:UPL) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ultra Petroleum Corp earned a news impact score of 0.06 on Accern’s scale. Accern also assigned media headlines about the oil and gas exploration company an impact score of 45.5555344223309 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

Ultra Petroleum Corp (NYSE UPL) opened at $8.41 on Tuesday. Ultra Petroleum Corp has a twelve month low of $0.16 and a twelve month high of $8.75.

Ultra Petroleum Corp (NYSE:UPL) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas exploration company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The firm had revenue of $217.63 million for the quarter, compared to analysts’ expectations of $209.20 million.

UPL has been the subject of several research analyst reports. Zacks Investment Research cut shares of Ultra Petroleum Corp from a “hold” rating to a “strong sell” rating in a research report on Friday. KLR Group assumed coverage on shares of Ultra Petroleum Corp in a research report on Tuesday, August 29th. They set a “buy” rating and a $14.00 price target for the company.

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In other news, major shareholder Fir Tree Inc. purchased 3,044,821 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of $8.16 per share, for a total transaction of $24,845,739.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 6,018,620 shares of company stock valued at $48,152,106 over the last 90 days.

About Ultra Petroleum Corp

Ultra Petroleum Corp. (Ultra) is an oil and gas company. The Company is engaged in the development, production, operation, exploration and acquisition 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, its oil reserves in the Uinta Basin in northeast Utah and its natural gas reserves in the north-central Pennsylvania area of the Appalachian Basin.

Insider Buying and Selling by Quarter for Ultra Petroleum Corp (NYSE:UPL)

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