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Last $8.53 USD
Change Today +0.165 / 1.97%
Volume 2.0M
UPL On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 3:56 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

ultra petroleum corp (UPL) Snapshot

Open
$8.16
Previous Close
$8.36
Day High
$8.89
Day Low
$8.04
52 Week High
09/9/14 - $26.84
52 Week Low
08/24/15 - $6.10
Market Cap
1.3B
Average Volume 10 Days
2.2M
EPS TTM
$1.71
Shares Outstanding
153.2M
EX-Date
--
P/E TM
5.0x
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 Second Quarter and Six Months Ended June 30, 2015; Increases Production and Capital Expenditure Guidance for the Year of 2015

Ultra Petroleum Corp. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total operating revenues of $207,998,000 compared to $296,063,000 a year ago. Loss before income taxes was $24,923,000 compared to income before income taxes of $105,505,000 a year ago. Net income was $24,673,000 or $0.16 per diluted share compared to $106,049,000 or $0.68 per diluted share a year ago. Adjusted net income was $32,065,000 or $0.21 per diluted share compared to $83,860,000 or $0.54 per diluted share a year ago. Operating cash flow was $121,895,000 compared to $145,086,000 a year ago. Diluted cash flow per share was $0.80 compared to $0.94 a year ago. Net cash provided by operating activities was $121,525,000 compared to $171,076,000 a year ago. For the six months, the company reported total operating revenues of $427,306,000 compared to $622,361,000 a year ago. Loss before income taxes was $1,754,000 compared to income before income taxes of $207,222,000 a year ago. Net income was $518,000 or $0.00 per diluted share compared to $207,763,000 or $1.34 per diluted share a year ago. Adjusted net income was $53,157,000 or $0.34 per diluted share compared to $221,893,000 or $1.43 per diluted share a year ago. Operating cash flow was $233,265,000 compared to $346,168,000 a year ago. Diluted cash flow per share was $1.51 compared to $2.23 a year ago. Net cash provided by operating activities was $243,324,000 compared to $346,651,000 a year ago. For the second quarter, production of natural gas and oil was 70.5 billion cubic feet equivalent (Bcfe). The company's production for the second quarter was comprised of 65.1 billion cubic feet (Bcf) of natural gas and 900,000 barrels (Mbls) of oil and condensate. For the six months, production of natural gas and oil was 141.0 Bcfe. The company's production for the six months was comprised of 129.8 Bcf of natural gas and 1.9 million barrels of oil and condensate. The company is increasing its full-year 2015 production guidance to 283 to 290 Bcfe. The mid-point of guidance represents a 15% annual production growth from 2014. It is expected that quarterly production for the remainder of the year will steadily increase building on second quarter volumes. The company is increasing its planned capital expenditures to $500.0 million. The additional capital expenditures are due to additional drilling in Wyoming. The original budget called for 111 net wells. The current estimate is an increase of 27 to 138 net wells. The company currently projects a zero book tax rate for 2015 and anticipates additional tax refunds during the year.

Ultra Petroleum Corp., Q2 2015 Earnings Call, Jul 30, 2015

Ultra Petroleum Corp., Q2 2015 Earnings Call, Jul 30, 2015

Ultra Petroleum Corp., Annual General Meeting, Jul 30, 2015

Ultra Petroleum Corp., Annual General Meeting, Jul 30, 2015.

 

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Industry Analysis

UPL

Industry Average

Valuation UPL Industry Range
Price/Earnings 3.9x
Price/Sales 1.2x
Price/Book 6.0x
Price/Cash Flow 1.9x
TEV/Sales NM Not Meaningful
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