A Point Investors Can’t Afford To Forget: Ultra Petroleum Corp. (UPL), SRC Energy Inc. (SRCI)

UPL trading volume has lost -438389 shares compared to readings over the past three months as it recently exchanged 2511611 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2950000 shares, and this is 0.85 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 37.9 point.

Ultra Petroleum Corp. (NASDAQ:UPL) dipped by -57.59% over the past three months which led to its overall six-month decrease to stand at -46.83%. The equity price sank -13.8% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -29.1% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -86.44% and is now down by -11.85% since start of this year.

The shares of Ultra Petroleum Corp. dropped by -87.73% or -$4.79 from its last recorded high of $5.46 which it attained on February 12 to close at $0.67 per share. Over the past 52 weeks, the shares of Ultra Petroleum Corp. has been trading as low as $0.56 before witnessing a massive surge by 19.64% or $0.11. This price movement has led to the UPL stock receiving more attention and has become one to watch out for. It jumped by 5.16% on Monday and this got the market excited. The stock’s beta now stands at 0 and when compared to its 200-day moving average and its 50-day moving average, UPL price stands -54.6% below and -25.71% below respectively. Its average daily volatility for this week is 9.59% which is less than the 11.07% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Ultra Petroleum Corp. (UPL) with most of them predicting a $1.4 price target on a short-term (12 months) basis. The average price target by the analysts will see a 108.96% rise in the stock and would lead to UPL’s market cap to surge to $282.63M. The stock has been rated an average 3.5, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 2 analysts that track Ultra Petroleum Corp. (NASDAQ:UPL) and find out that 1 of them rated it as a Hold. 0 of the 1 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

The price of SRC Energy Inc. (NYSE:SRCI) currently stands at $4.17 after it went up by $0.02 or 0.48% and has found a strong support at $4.06 a share. If the SRCI price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $3.95 mark would also be bad for the stock as it means that the stock would plunge by 5.28% from its current position. However, if the stock price is able to trade above the resistance point around $4.23, then it could likely surge higher to try and break the upward resistance which stands at $4.29 a share. Its average daily volatility over the past one month stands at 5.08%. The stock has plunged by 3.84% from its 52-weeks high of $4.01 which it reached on Jun. 04, 2018. In general, it is 3.84% above its 52-weeks lowest point which stands at $4.01 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for SRC Energy Inc. (SRCI) for 1 year and it stands at an average $8.42/share. This means that it would likely increase by 101.92% from its current position. The current price of the stock has been moving between $4.01 and $4.18. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $3.5. On the other hand, one analyst is super bullish about the price, setting a target as high as $15.

The SRCI stock Stochastic Oscillator (%D) is at 9.91%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 1.84 which compares to the 77.53 recorded by the industry or the 10.36 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 4.55, which is higher than the 4.35 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 33.5% over the past five years.

Analysts view SRC Energy Inc. (NYSE:SRCI) as a Hold, with 2.1 consensus rating. Reuters surveyed 20 analysts that follow SRCI and found that 7 of those analysts rated the stock as a Hold. The remaining 13 were divided, with 13 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying SRC Energy Inc. (SRCI) shares or sell it if they already own it.