Why Ultra Petroleum Corp's Stock Is Plunging Again Today [The Motley Fool]
ULTRA PETROLEUM CORP COMMON (UPL)
Last ultra petroleum corp common earnings: 5/9 06:00 am
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ultrapetroleum.com
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Source: The Motley Fool
Investors continued bailing on the natural gas driller’s stock. Matthew DiLallo ( TMFmd19 ) May 11, 2018 at 3:58PM What happened Shares of Ultra Petroleum Corp ( NASDAQ:UPL ) were down more than 12% on Friday at 2:30 p.m. EDT. That's due to continued selling pressure after the company reported first-quarter results yesterday where it detailed a risky go-forward plan. That move caused shares to plunge yesterday, and are now down 28% over the past two days. So what Ultra Petroleum reported solid first-quarter results on Thursday, posting $47.5 million, or $0.28 per share, of adjusted net income, which came in $0.02 per share ahead of the consensus estimate. Fueling that stronger-than-expected profit was a 13% increase in production, which beat the midpoint of the company's guidance due in part to strong horizontal well results in its Pinedale gas
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