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Monica Wolfe
Monica Wolfe
Articles (757) 

Ultra Petroleum Reports Insider Buys at 52-Week Low

April 02, 2013 | About:

With its prices in a steady state of decline and nearing a 52-week low, Ultra Petroleum Corporation (UPL) has seen an increase in insider buying.

In March, CFO Marshall Smith added a total of 3,000 shares for an average price of $18.75. The total amount of his transactions equaled $55,990. Also in March, VP and Controller Garland Shaw added 3,000 shares at $16.20 per share. This transaction cost Shaw $48,600.

CFO Smith has shown to have keen insight into his company. Prior to his most recent buys, Smith sold 76,733 shares when the company’s stock was still at $23.63 per share. Since that sell, the share price has decreased 18.45%.

Yesterday, Garland Shaw added another 3,000 shares for $19.47 per share. This transaction cost him $58,410. Shaw now holds on to at least 15,898 shares of company stock.

The insiders at Ultra Petroleum have shown a consistent pattern in trading their stock. The only buying has come while the price per share has been under $20.00.

Ultra Petroleum is an independent energy company engaged in the exploration and production of oil and natural gas. The company has reserves in the Green River Basin of southwest Wyoming as well as in the Appalachian Basin of Pennsylvania. The company is focused on the development, production, operation, exploration and acquisition of oil and natural gas properties.

Since natural gas prices have fallen, so has the price of Ultra. The company is valued much less than most of its competitors. One of the primary problems the company is facing is that it could be sitting on more gas that what it has in its proven reserves.

According to the GuruFocus analysis of Ultra Petroleum, the company’s revenue has been in decline over the last year. The company has also suffered an operating loss over the past three years. During the past three years Ultra has issued $1 billion of debt.

Market Cap: 2.95 B P/E: 6.1 Shiller P/E: 75.6
P/B: n/a P/S: 3.7 EV/EBITDA: 7.96
52 Week Low: 15.26 52 Week High: 24.52 Average Volume: 4.85 M

There might be hope for the energy company as this morning equities research analysts at Brean Murray upgraded the stock from a “hold” to a “buy.”

The earnings data released on Feb. 15 reported $0.51 earnings per share for the quarter. The company had revenue of $217.10 million for the quarter compared to the previous quarter revenue of $261.43 million. The company predicts that they will hit $1.26 per share for the 2013 fiscal year.

There are currently nine gurus that hold stake in Ultra Petroleum. To see a complete list of these gurus and their shares, click here.

With its shares down 2.48%, Ultra Petroleum trades at $19.27.

To see a complete list of insider trades at 52-week lows, click here.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Rating: 2.7/5 (7 votes)


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GuruFocus has detected 3 Warning Signs with Ultra Petroleum Corp $UPL.
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