Nokota Management LP Has $4.45 Million Stake in Ultra Petroleum Corp (UPL)

Nokota Management LP decreased its position in Ultra Petroleum Corp (NASDAQ:UPL) by 23.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,976,525 shares of the company’s stock after selling 1,200,000 shares during the period. Nokota Management LP owned about 2.02% of Ultra Petroleum worth $4,454,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Ultra Petroleum by 2,751.5% during the second quarter. SG Americas Securities LLC now owns 1,267,394 shares of the company’s stock worth $2,928,000 after buying an additional 1,222,948 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Ultra Petroleum by 7.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 14,096,583 shares of the company’s stock worth $32,355,000 after buying an additional 978,478 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ultra Petroleum by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,881,003 shares of the company’s stock worth $8,965,000 after buying an additional 708,536 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in Ultra Petroleum by 75.5% during the second quarter. Wolverine Asset Management LLC now owns 1,540,069 shares of the company’s stock worth $3,557,000 after buying an additional 662,727 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Ultra Petroleum by 57.3% during the third quarter. JPMorgan Chase & Co. now owns 1,342,209 shares of the company’s stock worth $1,503,000 after buying an additional 488,690 shares in the last quarter. 83.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of UPL opened at $1.22 on Tuesday. The stock has a market cap of $250.26 million, a price-to-earnings ratio of 1.21 and a beta of -0.51. Ultra Petroleum Corp has a 12-month low of $0.82 and a 12-month high of $10.18.

Ultra Petroleum (NASDAQ:UPL) last announced its earnings results on Thursday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $203.78 million during the quarter, compared to analysts’ expectations of $199.80 million. Ultra Petroleum had a net margin of 16.40% and a negative return on equity of 18.50%. Equities analysts expect that Ultra Petroleum Corp will post 0.74 EPS for the current year.

A number of research firms recently commented on UPL. National Alliance Securities downgraded shares of Ultra Petroleum from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Zacks Investment Research raised shares of Ultra Petroleum from a “strong sell” rating to a “hold” rating in a report on Thursday, September 6th. ValuEngine downgraded shares of Ultra Petroleum from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. Finally, Capital One Financial downgraded shares of Ultra Petroleum from an “equal weight” rating to an “underweight” rating in a report on Friday, August 10th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $1.63.

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About Ultra Petroleum

Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, operation, and production of oil and natural gas properties. Its principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyoming—the Pinedale and Jonah fields; and its oil reserves in the Uinta Basin in northeast Utah.

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Institutional Ownership by Quarter for Ultra Petroleum (NASDAQ:UPL)

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