LOS ANGELES–(BUSINESS WIRE) – Frank R. Cruz's law firm is terminating on behalf of investors in Ultra Petroleum Corp. ("Ultra" or the "Company") (OTC: UPLCQ) is conducting an investigation into possible violations by the company of the Federal Securities Act.
If you are a shareholder who has suffered a loss, click here to participate.
On August 9, 2019, Ultra announced total revenue of $ 155.4 million for the second quarter of 2019, down 18% year over year. The company also announced that it has effectively halted its highly acclaimed horizontal well program, reducing its 2019 capital investment forecast to $ 260 million to $ 290 million and annual production to 3,239 to 244 billion cubic feet equivalent.
On the news, Ultra's share price fell 31% to close at $ 0.09 per share. On August 22, 2019, NASDAQ officially delisted Ultra shares.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you have purchased Ultra securities, have information or would like to learn more about these claims, or have any questions about this announcement or your rights or interests in relation to these matters, please contact Frank R. Cruz of the Frank R. Law Firms. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067, 310-914-5007, by email at firstname.lastname@example.org or visit our website at www.frankcruzlaw.com. When inquiring by email, please include your mailing address, telephone number and number of shares purchased.
This press release may be viewed as a solicitor advertisement in some jurisdictions under applicable laws and ethical rules.