Why This Energy Driller's Shares Nosedived 23% in July [The Motley Fool]
ULTRA PETROLEUM CORP COMMON (UPL)
Last ultra petroleum corp common earnings: 5/9 06:00 am
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Source: The Motley Fool
Ultra Petroleum Corp. has been cratering all year, despite solid results, but there's a good reason for investors to be worried Reuben Gregg Brewer ( TMFReubenGBrewer ) Aug 6, 2018 at 10:10AM What happened The stock price of Ultra Petroleum Corp. ( NASDAQ:UPL ) fell 23% in July, according to data provided by S&P Global Market Intelligence . But that's just the continuation of a year-long trend that has left the energy driller's shares down a painful 80% or so in 2018. If you look at the earnings headlines so far this year, the steep stock decline would seem somewhat illogical. But when you dig into the company's first-quarter earnings release, it starts to make a lot more sense. So what Ultra's first-quarter production was up 13% year over year, beating the company's own expectations. That followed a roughly 6% production increase in 2017, a
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