The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Ultra Petroleum's revenues will shrink -8.7% and EPS will wane -33.3%.
The average estimate for revenue is $267.7 million. On the bottom line, the average EPS estimate is $0.48.
Last quarter, Ultra Petroleum chalked up revenue of $170.3 million. GAAP reported sales were 39% lower than the prior-year quarter's $280.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.36. GAAP EPS were -$7.76 for Q2 against $0.67 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 62.6%, 1,380 basis points worse than the prior-year quarter. Operating margin was -28.8%, 9,180 basis points worse than the prior-year quarter. Net margin was -697.1%, 73,400 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.02 billion. The average EPS estimate is $1.55.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,522 members out of 1,573 rating the stock outperform, and 51 members rating it underperform. Among 303 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 292 give Ultra Petroleum a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ultra Petroleum is hold, with an average price target of $28.63.
Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add Ultra Petroleum to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Ultra Petroleum and has the following options: short JAN 2014 $20.00 puts on Ultra Petroleum, long JAN 2014 $30.00 calls on Ultra Petroleum, long JAN 2014 $40.00 calls on Ultra Petroleum, and long JAN 2014 $50.00 calls on Ultra Petroleum. Motley Fool newsletter services recommend Ultra Petroleum. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Here's Why Ultra Petroleum Corp. Is Plunging Today
The natural gas driller’s second-quarter results didn’t impress.
3 Stocks That Look Just Like Pioneer Natural Resources in 1997
If you want to find an oil and gas stock with the potential to grow like Pioneer has over the years, take a look at Parsley Energy, Cabot Oil & Gas, and Ultra Petroleum.
Seadrill LTD Is Either a Bargain or a Money Trap Right Now
After disclosing that bankruptcy was on the table, shares of the offshore driller have fallen to penny-stock territory. The question investors must answer is whether they're willing to lose everything on the chance that doesn't happen.