GSA Capital Partners LLP Increases Stake in Ultra Petroleum Corp. (UPL)Posted by paymon on Apr 21st, 2016

GSA Capital Partners LLP raised its stake in Ultra Petroleum Corp. (NYSE:UPL) by 378.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 418,932 shares of the oil and gas exploration company’s stock after buying an additional 331,325 shares during the period. GSA Capital Partners LLP owned 0.27% of Ultra Petroleum Corp. worth $1,047,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quantitative Investment Management LLC boosted its position in shares of Ultra Petroleum Corp. by 1,024.2% in the fourth quarter. Quantitative Investment Management LLC now owns 553,100 shares of the oil and gas exploration company’s stock valued at $1,382,000 after buying an additional 503,900 shares in the last quarter. Oxford Asset Management acquired a new position in shares of Ultra Petroleum Corp. during the fourth quarter valued at $2,305,000. ICON Advisers boosted its position in shares of Ultra Petroleum Corp. by 107.5% in the third quarter. ICON Advisers now owns 1,126,100 shares of the oil and gas exploration company’s stock valued at $7,196,000 after buying an additional 583,300 shares in the last quarter. Russell Frank Co boosted its position in shares of Ultra Petroleum Corp. by 524.4% in the fourth quarter. Russell Frank Co now owns 1,193,338 shares of the oil and gas exploration company’s stock valued at $2,912,000 after buying an additional 1,002,232 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Ultra Petroleum Corp. by 99.2% in the fourth quarter. First Trust Advisors LP now owns 1,904,494 shares of the oil and gas exploration company’s stock valued at $4,761,000 after buying an additional 948,340 shares in the last quarter.

Shares of Ultra Petroleum Corp. (NYSE:UPL) traded down 6.2961% during midday trading on Thursday, reaching $0.4956. The company’s stock had a trading volume of 7,546,536 shares. Ultra Petroleum Corp. has a one year low of $0.18 and a one year high of $18.04. The stock’s market cap is $75.95 million. The firm has a 50-day moving average of $0.60 and a 200-day moving average of $2.64.

Ultra Petroleum Corp. (NYSE:UPL) last announced its quarterly earnings data on Thursday, February 18th. The oil and gas exploration company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.09. The business earned $189.30 million during the quarter, compared to analyst estimates of $209.68 million. The company’s revenue was down 40.7% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. On average, analysts forecast that Ultra Petroleum Corp. will post $0.09 EPS for the current year.

Several equities analysts have recently weighed in on the stock. KLR Group decreased their price target on shares of Ultra Petroleum Corp. from $14.00 to $6.00 in a research note on Tuesday, January 19th. Nomura decreased their price target on shares of Ultra Petroleum Corp. from $9.00 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, January 21st. Tudor Pickering downgraded Ultra Petroleum Corp. to a “sell” rating in a report on Monday, January 25th. Sterne Agee CRT reissued a “neutral” rating on shares of Ultra Petroleum Corp. in a report on Friday, January 22nd. Finally, Zacks Investment Research downgraded Ultra Petroleum Corp. from a “buy” rating to a “hold” rating in a report on Tuesday. Eight equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $6.52.

Ultra Petroleum Corp. (NYSE:UPL) is an independent oil and gas company. The Company is engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties. The Company operates in developing its natural gas reserves in the Green River Basin of southwest Wyoming, the Pinedale and Jonah fields, its oil reserves in the Uinta Basin in northeast Utah and its natural gas reserves in the north-central Pennsylvania area of the Appalachian Basin.