Ultra Petroleum Corp (NYSE:UPL) declared significantly lower net income for fiscal Q1 on Friday, impacted by gains and losses linked with commodity derivatives.
The Houston, Texas based company announced net income of $16.43 million for three months period, low from $84.26 million in previous year. Earnings totaled $0.11 per share, evaluated against $0.55 per share in previous year.
The company announced earnings EPS of $0.38 for three months period. Thomson Reuters 22 analysts’ survey on average forecasted EPS of $0.27 for three months period. Analyst forecasts usually exclude special items.
Total operating quarterly revenue was $225.62 million, low from $226.14 million in previous year.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Continental Resources, Inc. (NYSE:CLR) rose +3.39% to settle at $80.58, Petroquest Energy Inc (NYSE:PQ) moved up +3.99% to end at $4.17 while EOG Resources Inc (NYSE:EOG) jumped +3.60% to finish at $123.98on Friday.
Ultra Petroleum Corp. (NYSE:UPL) last session’s volume of 7.38 million shares was surprisingly higher than its average volume of 3.96 million shares. The stock after opening at $21.70 hit high price of $21.70 and then closed at $21.04 by scoring -2.28%.
The liquidity measure in recent quarter results of the company was recorded 0.24 as current ratio. The Company had total cash of $12.92 million at hand and a book value per share as $-3.78 in the most recent quarter.
The stock’s price volatility was 3.82% for a week and 4.24% for a month as well as price volatility’s Average True Range for 14 days was 0.84 and its beta remained at 0.87.
UPL generated revenue of $809.97 million in the previous twelve months. The Company showed a negative -268.76% in the net profit margin as well as in its operating margin which remained at -351.28%. Company’s annual sales growth for the past five years was 7.41%.
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