Last $24.39 USD
Change Today -0.33 / -1.33%
Volume 2.3M
UPL On Other Exchanges
Symbol
Exchange
New York
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As of 4:15 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

ultra petroleum corp (UPL) Snapshot

Open
$24.59
Previous Close
$24.72
Day High
$24.67
Day Low
$24.35
52 Week High
05/1/14 - $31.43
52 Week Low
10/31/13 - $18.22
Market Cap
3.7B
Average Volume 10 Days
4.2M
EPS TTM
$2.12
Shares Outstanding
153.1M
EX-Date
--
P/E TM
11.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for ULTRA PETROLEUM CORP (UPL)

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ultra petroleum corp (UPL) Details

Ultra Petroleum Corp., an independent oil and gas company, is engaged in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. It primarily focuses on developing a tight gas sand trend located in the Green River Basin of southwest Wyoming; and assessing, exploring, and developing its position in the Marcellus Shale and other horizons located in the north-central Pennsylvania area of the Appalachian Basin. As of December 31, 2013, the company owned interests in approximately 49,000 net acres in Wyoming covering approximately 190 square miles; and 250,000 net acres in Pennsylvania. Ultra Petroleum Corp. was founded in 1979 and is headquartered in Houston, Texas.

124 Employees
Last Reported Date: 02/25/14
Founded in 1979

ultra petroleum corp (UPL) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $800.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $450.0K
Senior Vice President of Operations
Total Annual Compensation: $351.5K
Vice President of Exploration and Land
Total Annual Compensation: $280.0K
Compensation as of Fiscal Year 2013.

ultra petroleum corp (UPL) Key Developments

Ultra Petroleum Corp. Announces Management Changes, Effective August 1, 2014

Ultra Petroleum Corp. announced that its Board of Directors is promoting Garland R. Shaw to Senior Vice President and Chief Financial Officer, effective August 1, 2014, and that Marshall (Mark) D. Smith, the current Senior Vice President and Chief Financial Officer, is resigning to accept a new position at a larger company. Mr. Smith will continue in his current role until August 1, 2014 to assist with second quarter financial reporting. Since joining Ultra Petroleum in 2006 as Corporate Controller, Mr. Shaw has earned roles with increasing leadership and responsibility, including his promotion to the executive leadership team as Vice President and Controller in 2013.

Spectra Energy And Ultra Petroleum Eyes Acquisitions

Spectra Energy Corp. (NYSE:SE) and Ultra Petroleum Corp. (NYSE:UPL) are looking for acquisition opportunities. Spectra Energy is looking for acquisitions among natural gas liquids assets (NGL) and Ultra Petroleum is planning to expand more into the west. Greg Ebel, Chief Executive Officer of Spectra Energy said that Spectra Energy is looking to pick up NGL assets more than oil and natural gas assets, where it already has a lot of organic growth opportunities. Michael Watford, Chief Executive Officer of Ultra Petroleum said that Ultra Petroleum is planning to add onto its properties in the West but isn't looking to sell its lower returning natural gas assets in the Marcellus.

Ultra Petroleum Corp. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2014; Provides Production Guidance for the Second Quarter and Full Year 2014

Ultra Petroleum Corp. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2014. For the quarter, the company reported total operating revenues of $326,299,000 against $225,626,000 a year ago. Income before income taxes was $101,719,000 against $17,801,000 a year ago. Net income was $101,715,000 or $0.66 per basic and diluted share against $16,433,000 or $0.11 per basic and diluted share a year ago. Adjusted net income was $135,396,000 or $0.87 per diluted share against $58,508,000 or $0.38 per diluted share a year ago. Operating cash flow was $201,082,000 against $122,984,000 a year ago. Net cash provided by operating activities was $175,575,000 against $67,860,000 a year ago. For the quarter, the company produced 57.2 billion cubic feet equivalent of natural gas and crude oil during the first quarter. Production consisted of 53.3 billion cubic feet of natural gas and 658,000 barrels of crude oil and condensate. The first quarter average realized natural gas price was $4.96 per Mcf, including realized gains and losses on commodity hedges. This represents a 42% increase compared to $3.50 per Mcf during the prior year period. Excluding the effects of commodity hedges, the company's average natural gas price was $5.10 per Mcf. For the second quarter, the company expects to produce 59 Bcfe to 61 Bcfe. For the year 2014, the company expects to produce 243 Bcfe to 253 Bcfe. The company currently projects a zero book tax rate for 2014 and does not anticipate paying any cash taxes this year.

 

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Industry Analysis

UPL

Industry Average

Valuation UPL Industry Range
Price/Earnings 11.8x
Price/Sales 3.7x
Price/Book NM Not Meaningful
Price/Cash Flow 6.7x
TEV/Sales 1.3x
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