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.
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