Ultra Petroleum Corp. (NYSE: UPL) is an independent oil and gas company. It is actively engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The energy sector has underperformed the broader market in the past year, with the Energy Select Sector SPDR (NYSE: XLE) up less than 14% compared with the S&P 500’s 22% gain. Yet, as you can see in the chart below, UPL has drastically outperformed its sector (and the overall market), gaining 53% in the past 52 weeks. This is in stark comparison to some of its biggest peers… Read More
Ultra Petroleum Corp. (NYSE: UPL) is an independent oil and gas company. It is actively engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The energy sector has underperformed the broader market in the past year, with the Energy Select Sector SPDR (NYSE: XLE) up less than 14% compared with the S&P 500’s 22% gain. Yet, as you can see in the chart below, UPL has drastically outperformed its sector (and the overall market), gaining 53% in the past 52 weeks. This is in stark comparison to some of its biggest peers like Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX), which are up 8% and less than 1%, respectively, during that time. #-ad_banner-#On Feb. 20, UPL rallied 4% after reporting better-than-expected fourth-quarter and full-year 2013 results. Q4 earnings of $0.42 per share bested Zacks consensus estimate of $0.37, and this was attributed to a 78% year-over-year decline in operating costs for the quarter and an increase in price realizations. The company saw 58% adjusted operating cash flow margin and a 29% adjusted net income margin. CEO Michael D. Watford commented on the results, saying: “For our company, 2013 was… Read More