Ultra Petroleum Corp.UPL was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $3.58 to $4.87 in the past one-month time frame.
The move came after the company reported favorable test results from a well in the Warbonnet area.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Ultra Petroleum currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Ultra Petroleum Corp. Price
A better-ranked stock in the Oil and Gas - Exploration and Production - United States industry is Pioneer Natural Resources Company PXD , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
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