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Last $14.63 USD
Change Today -0.28 / -1.88%
Volume 1.3M
UPL On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

ultra petroleum corp (UPL) Snapshot

Open
$14.57
Previous Close
$14.91
Day High
$14.92
Day Low
$14.50
52 Week High
06/23/14 - $30.18
52 Week Low
01/12/15 - $11.31
Market Cap
2.2B
Average Volume 10 Days
2.1M
EPS TTM
$2.22
Shares Outstanding
153.2M
EX-Date
--
P/E TM
6.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for ULTRA PETROLEUM CORP (UPL)

ultra petroleum corp (UPL) Related Businessweek News

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ultra petroleum corp (UPL) Details

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. It primarily focuses on developing natural gas reserves in the Green River Basin of Wyoming; oil reserves in the Uinta Basin of Utah; and natural gas reserves in the Appalachian Basin of Pennsylvania. As of December 31, 2014, the company owned interests in 67,000 net acres covering approximately 190 square miles in southwest Wyoming; 9,000 net acres in the Uinta Basin, Uintah County; and 91,000 net acres in the Pennsylvania portion of the Appalachian Basin. Ultra Petroleum Corp. was founded in 1979 and is headquartered in Houston, Texas.

160 Employees
Last Reported Date: 02/24/15
Founded in 1979

ultra petroleum corp (UPL) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $800.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $385.9K
Senior Vice President of Operations
Total Annual Compensation: $460.6K
Vice President of Drilling & Completions
Total Annual Compensation: $332.0K
Vice President of Exploration and Land
Total Annual Compensation: $290.9K
Compensation as of Fiscal Year 2014.

ultra petroleum corp (UPL) Key Developments

Ultra Petroleum Corp. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Full Year 2015

Ultra Petroleum Corp. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported total operating revenues of $219,309,000 against $326,299,000 a year ago. Income before income taxes was $23,167,000 against $101,719,000 a year ago. Net income was $25,189,000 or $0.16 per basic and diluted share against $101,715,000 or $0.66 per basic and diluted share a year ago. Adjusted net income was $21,089,000 or $0.14 per diluted share against $138,034,000 or $0.89 per diluted share a year ago. Operating cash flow was $111,370,000 against $201,082,000 a year ago. Diluted cash flow per share was $0.72 compared to $1.30 a year ago. Adjusted operating cash flow margin was 45% compared to $63% a year ago. Net cash provided by operating activities was $121,799,000 against $175,575,000 a year ago. Capital expenditures were $132 million, which should be the high for any quarter of 2015. EBITDA was $156 million. For the quarter, the company produced 70,411,061 Mcfe compared to 57,240,468 Mcfe a year ago. The company produced natural gas of 64,704,365 Mcf compared to 53,292,174 Mcf a year ago. Production of Oil and condensate was 951,116 Bbls compared to 658,049 Bbls a year ago. During the first quarter, Ultra Petroleum and its partner drilled 47 gross (30 net) Pinedale wells and placed on production 40 gross (29 net) wells. The first quarter average initial production (IP) rate for new operated wells brought online was 8.4 million cubic feet equivalent (MMcfe) per day. Wyoming's production averaged 693 MMcfe per day which is comprised of 663 million cubic feet per day of gas and 5,018 barrels per day of condensate. Total production during the first quarter was 62.4 Bcfe. For the year 2015, the company is increasing its full-year 2015 production guidance to between 280 Bcfe to 290 Bcfe from the previous range of 275 Bcfe to 285 Bcfe while reaffirming its $460.0 million capital investment program. At the mid-point of guidance, it represents 14% annual production growth from 2014. It is expected that quarterly production for the remainder of the year will steadily increase building on first quarter volumes. The company projects a zero book tax rate for 2015 and anticipates additional tax refunds during the year.

Ultra Petroleum Corp., Q1 2015 Earnings Call, Apr 30, 2015

Ultra Petroleum Corp., Q1 2015 Earnings Call, Apr 30, 2015

Ultra Petroleum Corp. Presents at IPAA's OGIS New York, Apr-20-2015 10:50 AM

Ultra Petroleum Corp. Presents at IPAA's OGIS New York, Apr-20-2015 10:50 AM. Venue: Sheraton New York Times Square Hotel, 811 7th Avenue, New York, New York, United States.

 

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Industry Analysis

UPL

Industry Average

Valuation UPL Industry Range
Price/Earnings 4.8x
Price/Sales 2.0x
Price/Book 9.3x
Price/Cash Flow 2.8x
TEV/Sales NM Not Meaningful
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