| Ultra Petroleum reports 2Q loss | |
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HOUSTON (AP) _ Ultra Petroleum Corp. (UPL) on Thursday reported a second-quarter loss of $24.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Houston-based company said it had a loss of 16 cents. Earnings, adjusted for non-recurring costs, came to 21 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The natural gas company posted revenue of $208 million in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $245.1 million.
Ultra Petroleum shares have fallen 39 percent since the beginning of the year. The stock has declined 67 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPL at http://www.zacks.com/ap/UPL
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Keywords: Ultra Petroleum, Earnings Report
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Ultra Petroleum Inc
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CODE : UPL |
ISIN : CA9039141093 |
CUSIP : 903914109 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Ultra Petroleum is a oil producing company based in United states of america. Ultra Petroleum is listed in Germany and in United States of America. Its market capitalisation is US$ 26.6 millions as of today (€ 23.6 millions). Its stock quote reached its highest recent level on June 13, 2008 at US$ 99.39, and its lowest recent point on August 07, 2019 at US$ 0.11. Ultra Petroleum has 197 100 000 shares outstanding. |