An issue of “Ultra Petroleum Corp.” (NASDAQ:UPL) debt fell 1% as a percentage of its face value during trading on Wednesday. The high-yield debt issue has a 6.875% coupon and is set to mature on April 15, 2022. The debt is now trading at $85.00 and was trading at $88.25 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its share price.
UPL has been the subject of a number of research analyst reports. Zacks Investment Research raised “Ultra Petroleum Corp.” from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Stifel Nicolaus reduced their target price on “Ultra Petroleum Corp.” from $10.00 to $9.00 and set a “buy” rating for the company in a report on Monday, March 26th.
“Ultra Petroleum Corp.” stock opened at $3.76 on Friday. The firm has a market capitalization of $740.23 and a price-to-earnings ratio of 1.45. “Ultra Petroleum Corp.” has a 12 month low of $3.43 and a 12 month high of $13.60. The company has a debt-to-equity ratio of -1.83, a current ratio of 0.67 and a quick ratio of 0.62.
ILLEGAL ACTIVITY NOTICE: ““Ultra Petroleum Corp.” (UPL) Bonds Drop 1% During Trading” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3335333/ultra-petroleum-corp-upl-bonds-drop-1-during-trading.html.
About “Ultra Petroleum Corp.”
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.
Receive News & Ratings for "Ultra Petroleum Corp." Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for "Ultra Petroleum Corp." and related companies with MarketBeat.com's FREE daily email newsletter.