NEW YORK (

TheStreet

) --

Ultra Petroleum Corporation

(NYSE:

UPL

) hit a new 52-week low Friday as it is currently trading at $31.67, below its previous 52-week low of $31.82 with 116,807 shares traded as of 10:06 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Ultra has a market cap of $5 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 32.2% year to date as of the close of trading on Thursday.

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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 13.4, below the average energy industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ultra as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and disappointing return on equity. You can view the full

Ultra Ratings Report

.

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