Ultra Stock Falls On Unusually High Volume (UPL)

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) is trading at unusually high volume Thursday with 5.3 million shares changing hands. It is currently at two times its average daily volume and trading down 59 cents (-3.4%) at $16.81 as of 3:50 p.m. ET.

  • 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.

Ultra has a market cap of $2.62 billion and is part of the basic materials sector and energy industry. Shares are down 5.4% year to date as of the close of trading on Wednesday.

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 6.5, below the S&P 500 P/E ratio of 17.7.

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 heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

Will Seed and Farm-Chemical Producers Sow Our Food Needs in Asia?

Stressed Out: Valeant, LendingClub and Retailers Join Our Distress List as Steelmakers Fall Off

Stressed Out: Valeant, LendingClub and Retailers Join the List as Steelmakers Break the Mold

Can Ultra Petroleum Work Out a Deal With Creditors?

Stressed Out: Is Bankruptcy the Best Place for Ultra Petroleum?

Stressed Out: Is Bankruptcy the Best Place for Ultra Petroleum?