Ultra Petroleum Corp. (NASDAQ:UPL) has made a -9.72% comeback from a 12-month low price of $0.22. It was seen -15% lower, changing the price to $0.2, when the closing bell rang on 6/26/2019. At a recent session, the prices were hovering between $0.225 and $0.2645. This company shares are 675% off its target price of $1.55 and the current market capitalization stands at $42.84M. The recent change has given its price a -51.31% deficit over SMA 50 and -91.71% deficit over its 52-week high. The stock witnessed -47.21% declines, -66.31% declines and -69.19% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found UPL’s volatility during a week at 20.36% and during a month it has been found around 12.23%.

Ultra Petroleum Corp. (UPL) Top Holders

Institutional investors currently hold around $35 million or 75.8% in UPL stock. Look at its top three institutional owners: Fir Tree Capital Management Lp owns $8.59 million in Ultra Petroleum Corp., which represents roughly 20.04% of the company’s market cap and approximately 24.53% of the institutional ownership. Similar statistics are true for the second largest owner, Credit Suisse Ag/, which owns 16,687,942 shares of the stock are valued at $3.94 million. The third largest holder is Disciplined Growth Investors Inc /Mn, which currently holds $3.92 million worth of this stock and that ownership represents nearly 9.15% of its market capitalization.

Ultra Petroleum Corp. 13F Filings

At the end of March reporting period, 39 institutional holders increased their position in Ultra Petroleum Corp. (NASDAQ:UPL) by some 7,897,395 shares, 59 decreased positions by 17,498,097 and 45 held positions by 124,008,125. That puts total institutional holdings at 149,403,617 shares, according to SEC filings. The stock grabbed 14 new institutional investments totaling 1,239,927 shares while 33 institutional investors sold out their entire positions totaling 11,495,001 shares.

Ultra Petroleum Corp. (NASDAQ:UPL) Insider Trades

Multiple company employees have indulged in significant insider trading. Ultra Petroleum Corp. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Stratton J. Jay Jr. has acquired 80,000 shares of Ultra Petroleum Corp. (UPL) in the trading session dated Apr. 11, 2019. These shares are worth $44,000 and were traded at $0.55 each. The SEC filing shows that HONEYFIELD DAVID W performed a purchase of 60,000 shares. The added these shares by way of transaction on Mar. 29, 2019. The company’s shares were assimilated at $0.61 per share worth to an investment of some $36,600 to the account of HONEYFIELD DAVID W.

10% Owner, FIR TREE INC., purchased 100,000 common shares of Ultra Petroleum Corp. (UPL) in the open market. In a transaction dated Sep. 01, 2017, the shares were bought at an average price of $8, giving away a sum of $800,000. After this purchase, 36,379,590 common shares of UPL are directly owned by the insider, with total stake valued at $7,275,918.

In the transaction dated Aug. 31, 2017, a great number of shares acquired came courtesy the 10% Owner; FIR TREE INC. added a total of 1,323,900 shares at an average price of $7.81, amounting to approximately $10,339,659. The insider now directly owns 36,279,550 shares worth $7,255,910.

Ultra Petroleum Corp. (UPL) Analyst Guide

Several analysts have released their opinion on Ultra Petroleum Corp. (NASDAQ:UPL), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 0 strong sell ratings, collectively assigning a 3.5 average brokerage recommendation [T1].