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Stock Investors Sell Off Shares of Ultra Petroleum, Down 1.2%

Published on Thu, 03/28/2013 - 10:24
By Mallory Stone

Ultra Petroleum (NYSE:UPL) is a company whose shares are active, trading 1.2% lower to $20.06. The S&P is trading fractionally higher to 1,565 and the Dow is trading 0.2% higher to 14,561.

In the past 52 weeks, Ultra Petroleum share prices have been bracketed by a low of $15.26 and a high of $24.52 and are now at $20.06, 31% above that low price. The 200-day and 50-day moving averages have moved 0.10% higher and 0.73% higher over the past week, respectively.

Ultra Petroleum Corp. is a natural gas exploration and production company focused on the Green River Basin of Wyoming in the United States. The Company also explores for oil and gas in China.

Ultra Petroleum (NYSE:UPL) is currently priced 3.8% above its average consensus analyst price target of $19.30. The stock should hit resistance at its 200-day moving average (MA) of $20.57, as well as support at its 50-day MA of $18.18.

By Mallory Stone
mstone@fnno.com