Ultra stock: buy or sell?

UPL stock price: $1.15 2.68% At close on September 26th, 2019

Updated on:
September 26th, 2019

3

After crossing up the simple moving average line of 200d yesterday, Ultra shares closed today at $1.15, soared a 2.68%. On Sep 6th UPL climbed an extraordinary 91.96%. On August UPL plunged a hair-raising -44.44%.

Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, operation, and production of oil and natural gas properties.

Should I buy Ultra stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Ultra stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean UPL will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Ultra Petroleum stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for UPL stock for the last 30 days.

Ultra stock analysis

Daily outlook

After crossing up the simple moving average line of 200d yesterday, Ultra shares closed today at $1.15.

After crossing up the simple moving average line of 200 days yesterday, Ultra shares closed at $1.15, soared a 2.68%.

UPL stock chart (daily)

Weekly outlook

After boosting a dazzling 91.96% in a week early September, Ultra Petroleum closed this week at $1.15 and rose a decent 2.68%. Early August UPL plunged a spooky -88.89% in just one week.

Since price and SMA40w lines crossed up early September, UPL climbed $1.06 (1,177.78%).

UPL stock chart (weekly)

Ultra stock price history

Ultra IPO was on April 11th, 2017 at $7.32 per share1. Since then, UPL stock declined a -84.30%, with a yearly average of -42.20%.

1: Adjusted price after possible price splits or reverse-splits.

Ultra stock historical price chart

UPL stock reached 52-week highs on November at $2.04, and all-time highs 2017-04-13 with a price of 15.73.

Ultra stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not detected any price forecast for Ultra Petroleum stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

On March, Ultra reported its latest financial data, posting an outstanding gain for the Earnings per Share (EPS) ratio. Experts were expecting $0.10 per share, but Ultra posted $0.14.
UPL earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q32017-11-070.430.4-7.0%
2017-Q42018-02-280.340.4326.5%
2018-Q12018-05-100.250.2812.0%
2018-Q22018-08-090.180.17-5.6%
2018-Q32018-11-080.150.1713.3%
2018-Q42019-03-070.10.1440.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a neutral movement of 0.07% to $892.50 M dollars. On the other hand, its profit margin (compared to revenues) plummed to 9.55%, that is $85.21 million.

UPL annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$933 M-$238 M25.5%-
2014$1,230 M31.78%$543 M44.1%128.24%
2015$839 M-31.78%$-3,207.22 M-382.2%-690.81%
2016$721 M-14.06%$56 M7.8%-101.75%
2017$892 M23.68%$177 M19.9%215.47%
2018$892 M0.07%$85 M9.5%-51.90%

Quarterly financial results

Ultra Petroleum posted $273.21 M in sales for 2018-Q4, a 34.07% improvement compared to previous quarter. Reported quarter earnings marked $39.71 M with a profit margin of 14.53%. Profit margin jumped a 5.42% compared to previous quarter when profit margin was 9.11%. When comparing sales to same quarter last year, Ultra sales marked a super good increase and boosted a 13.54%. Looking back to recent quarterly results, Ultra Petroleum posted 2 positive quarters in a row.
UPL quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$221 M-$-90 M-40.6%-
2017-Q2$213 M-3.76%$499 M234.7%-656.34%
2017-Q3$218 M2.34%$-328 M-150.6%-165.67%
2017-Q4$241 M10.57%$96 M39.7%-129.15%
2018-Q1$225 M-6.34%$47 M21.1%-50.28%
2018-Q2$190 M-15.63%$-21 M-10.8%-143.28%
2018-Q3$204 M7.17%$19 M9.1%-190.31%
2018-Q4$273 M34.07%$40 M14.5%113.89%

Ultra ownership

When you are planning to buy a company, it's always worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Ultra Petroleum, of all outstanding shares are owned by its staff.

The following table compares ownership indicators for other stocks related to Ultra:

UPL
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

Ultra summary

Thursday, September 26th, 2019
Open$1.15
Close$1.15
Day range$1.15 - $1.15
Previous close$1.12
Session gain2.68%
Average true range$0.11
50d mov avg$0.28
100d mov avg$0.38
200d mov avg$0.68
Daily patternlt01a
Weekly pattern lb06c

Ultra performance

To better understand Ultra Petroleum performance you must compare its gains with other related stocks in same sector or industry. In the following table, we compare Ultra Petroleum performance to :
Stock3m6m12m
UPLUltra Petroleum194.87%64.29%-7.26%

Ultra competitors

Unfortunately, we could not find any public company that could be defined as Ultra competitor. This doesn't mean Ultra does not have any competitor in the market, it's just we could not detected it.