Ultra Stock Hits New 52-Week Low (UPL)

NEW YORK ( TheStreet) -- Ultra Petroleum Corporation (NYSE: UPL) hit a new 52-week low Monday as it is currently trading at $22.81, below its previous 52-week low of $22.81 with 3.3 million shares traded as of 4 p.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Ultra has a market cap of $3.79 billion and is part of the basic materials sector and energy industry. Shares are down 20.9% year to date as of the close of trading on Friday.

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 eight, below the average energy industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ultra as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Ultra Ratings Report.

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