Ultra Petroleum Corp. is an AMEX listed security that has been trading in a range between $41.80 and $64.94 over the past year. With 151,957,300 shares outstanding, a recent price of $57.96 gives a total market capitalization of $8,897,099,799. While there are certainly larger companies, Ultra Petroleum Corp. has definitely earned its place in the pack. Last year, Ultra Petroleum Corp. created $1.44 in earnings for every share outstanding.
Ultra Petroleum Corp. is currently priced by the market at 40.80 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price over $50 a share and earnings per share in excess of $1 a share, Ultra Petroleum Corp. could be an interesting value proposition.
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