3 Undervalued Trades: Ultra Petroleum Corp. (UPL), Plug Power Inc (PLUG), And Triangle Petroleum Corporation (TPLM)?
New York, NY – GDP INSIDER – 01/29/2015.
Ultra Petroleum Corp. (NYSE:UPL) opened yesterday’s session at $13.21 and rallied between a session low of $12.35 and a high of $13.26. The day was characterized by a relatively large volume as 2.41 million shares compared to the average daily volume of 2.71 million shares. At the end of the day, shares of the independent oil and gas company were down 9.52% to $12.35, which was 6.51% off the opening price. Yesterday’s closing price put UPL 60.71% below its 52-week and only 9.20% above its 52-week low. UPL ended the day with a market cap of $2.07 billion.
Plug Power Inc (NASDAQ:PLUG)’s massive 9.12% descent in yesterday’s session was triggered by an unfavorable news from the alternative energy company. The management of PLUG cut revenue outlook to about $100 million for 2015, down from the previous outlook that guided for revenue of $130 million. The move triggered a massive sell-off in the stock on a volume of 12.80 million shares, way above the average daily volume of 4.96 million shares.
PLUG traded in the range of $2.86 and $3.30 , after opening the session at $3.29. Yesterday’s plunge pushed PLUG’s market cap down to $548.64 million and left the stock 75.34% below its 52-week.
In the most recent quarterly report, PLUG disclosed a 332.60% increase in sales QoQ and 68.40% sequential uptick in EPS.
Insider ownership in PLUG was last revealed as 0.30%.
Triangle Petroleum Corporation (NYSEMKT:TPLM) traded in the range of $4.81 to $5.69 before plunging 11.76% to $5.10. The stock had an active day with 2.36 million shares changing hands compared to the average daily volume of 2.35 million shares. At the end of yesterday’s session, TPLM stood 59.13% below its 52-week high, having drifted 10.37% from the day’s opening price. The stock has an average target price of $6.35.
TPLM’s most recent quarter saw sales increasing 96.80% sequentially.
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