The V.P., Drilling & Completions of Ultra Petroleum Corp (NASDAQ: UPL) is Buying Shares

By Carrie Williams

Yesterday, the V.P., Drilling & Completions of Ultra Petroleum Corp (UPLResearch Report), Kent Rogers, bought shares of UPL for $380.

Following this transaction Kent Rogers’ holding in the company was increased by 1.98% to a total of $18.56K.

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Based on Ultra Petroleum Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $271 million and quarterly net profit of $40.67 million. In comparison, last year the company earned revenue of $190 million and had a GAAP net loss of $20.56 million. UPL’s market cap is $34.88M and the company has a P/E ratio of 0.45. Currently, Ultra Petroleum Corp has an average volume of 3.36M.

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Ultra Petroleum Corp. engages in the development, production, operation, exploration, and acquisition of oil and natural gas properties. It 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 of Pennsylvania. The company was founded on November 14, 1979 and is headquartered in Houston, TX.