Finance

Should You Invest in Ultra Petroleum Corp. (UPL)? A Look at the Insider Trends

Recent insider trends for Ultra Petroleum Corp. (NASDAQ:UPL) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on UPL is anything to go by, investors should pay attention.

Institutions own 100.20% of Ultra Petroleum Corp. (UPL)’s shares. The total value of these holdings, in millions, is $1,218. Among active positions in the latest quarter, 93 holders increased their positions by a total of 42.74 million shares, 57 holders decreased the positions by a total of 16.82 million shares, and 30 holders held their positions. This works out to a net increase in ownership of 25.92 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 41 holders initiated new positions by a total of 10.14 million shares and 19 holders exited their positions by a total of 7.18 million shares. This nets out to an increase of 2.96 million shares and is a bullish sign for UPL.

Insider ownership increased by a total of 0 shares, which suggests that UPL’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 38 buys and 16 sells, and ownership increased by a net of 4.5 million shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Ultra Petroleum Corp. (NASDAQ:UPL)’s short interest is 18.94 million shares, or 13.88% of the float. This represents a decrease of -1% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for UPL. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that UPL is a Strong sell, which implies that UPL is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Ultra Petroleum Corp. (NASDAQ:UPL) is overvalued.

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