NEW YORK, Oct. 16, 2020 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein") announces that a federal securities class action lawsuit has been filed in the United States District Court for the District of Colorado against Ultra Petroleum Corp. ("Ultra Petroleum" or the "Company") (OTC: UPLCQ) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Ultra Petroleum securities between April 13, 2017 and August 8, 2019, both dates inclusive (the "Class Period").
All investors who purchased shares of Ultra Petroleum Corp. and incurred losses are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.
If you have incurred losses in the shares of Ultra Petroleum Corp., you may, no later than November 2, 2020, request that the Court appoint you lead plaintiff of the proposed class.
On August 9, 2019, Ultra issued a press release announcing its second-quarter 2019 financial and operating results. The Company disclosed that total revenues for the quarter had decreased by 18% to $155.4 million, compared to $190.1 million during the second quarter of 2018. Ultra's press release advised investors that the Company's once-vaunted horizontal well program had been effectively halted and also lowered the Company's 2019 projected capital investments to a range of $260 million to $290 million and annual production to a range of 3239 to 244 billion cubic feet equivalent.
On this news, Ultra's stock price fell 31% to close at $0.09 per share on an unusually high volume of nearly 14 million shares traded. On August 22, 2019, NASDAQ formally delisted Ultra stock.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774
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SOURCE Wolf Haldenstein Adler Freeman & Herz LLP