Ultra Petroleum's (UPL) management deserves credit for promptly addressing open questions related to the company's recently announced $650 million Uinta acquisition. Just ten days after hosting a conference call dedicated to the Uinta announcement, ...
HOUSTON, Dec. 6, 2013 /PRNewswire/ -- Ultra Petroleum Corp. (NYSE: UPL) today announced the pricing of its private placement of $450.0 million aggregate principal amount of 5.75% senior unsecured notes due 2018 at par.
Ultra Petroleum Corp. logo Ultra Petroleum Corp. (NYSE:UPL)'s stock had its �neutral� rating reiterated by Zacks in a research report issued to clients and investors on Wednesday, Analyst Ratings News reports.
Ultra Petroleum Corp.'s stock rose 1.51% on Thursday, even as the broader market edged lower. The company's shares ended the day at $21.47, after oscillating between $21.23 and $21.74 during the trading session.
The recently announced Uinta acquisition by Ultra Petroleum (UPL) (detailed analysis available here: link) is notable for two metrics: exceptionally high projected drilling returns and stratospheric price paid per undeveloped acre.
Ultra Petroleum Corp. (NYSE:UPL) gained 1.62%, trading on 4.38 million shares, to end the trade at $21.35. The stock changed hands in a range of $21.02 to $21.43, bringing its market capitalization to about $3.27 billion.