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Ultra Stock Hits New 52-Week Low (UPL)

By TheStreet Wire 02/08/13 - 11:41 AM EST

Find out if (UPL) is in Cramer's Portfolio.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- Ultra Petroleum Corporation (NYSE:UPL) hit a new 52-week low Friday as it is currently trading at $17.18, below its previous 52-week low of $17.22 with 1.6 million shares traded as of 11:16 a.m. ET. Average volume has been 2.5 million shares over the past 30 days.

Ultra has a market cap of $2.71 billion and is part of the basic materials sector and energy industry. Shares are down 2.9% year to date as of the close of trading on Thursday.

Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. The company has a P/E ratio of 6.7, below the S&P 500 P/E ratio of 17.7.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Ultra as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Ultra Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

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