Ultra Petroleum Set to Join Russell 3000® Index
June 12 2017 - 4:00PM
Ultra Petroleum Corp. (NASDAQ:UPL) is set to join the broad-market
Russell 3000® Index at the conclusion of the Russell indexes annual
reconstitution, effective after the US market opens on June 26,
according to a preliminary list of additions posted June 9.
Annual Russell indexes reconstitution captures
the 4,000 largest US stocks as of the end of May, ranking them by
total market capitalization. Membership in the US all-cap Russell
3000® Index, which remains in place for one year, means automatic
inclusion in the large-cap Russell 1000® Index or small-cap Russell
2000® Index as well as the appropriate growth and value style
indexes. FTSE Russell determines membership for its Russell indexes
primarily by objective, market-capitalization rankings and style
attributes.
“We are pleased to have been added to the
Russell Indexes," commented Michael D. Watford, President, Chairman
and CEO. "We believe this inclusion into a well-known index will
introduce more investors to UPL and will also provide additional
liquidity for our shares.”
Russell indexes are widely used by investment
managers and institutional investors for index funds and as
benchmarks for active investment strategies. Approximately $8.4
trillion in assets are benchmarked against Russell’s US indexes.
Russell indexes are part of FTSE Russell, a leading global index
provider.
For more information on the Russell 3000® Index
and the Russell indexes reconstitution, go to the “Russell
Reconstitution” section on the FTSE Russell website.
About Ultra Petroleum
Ultra Petroleum Corp. is an independent energy
company engaged in domestic natural gas and oil exploration,
development and production. The company is listed on NASDAQ and
trades under the ticker symbol “UPL”. Additional information on the
company is available at www.ultrapetroleum.com.
This news release includes “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. The opinions, forecasts, projections or other
statements, other than statements of historical fact, are
forward-looking statements. Although the company believes that the
expectations reflected in such forward-looking statements are
reasonable, the company can give no assurance that such
expectations will prove to have been correct. Certain risks and
uncertainties inherent in the company’s business are set forth in
its filings with the SEC, particularly in the section entitled
“Risk Factors” included in its Annual Report on Form 10-K for the
most recent fiscal year, its Quarterly Reports on Form 10-Q for the
quarter ended March 31, 2017, and from time to time in other
filings made by the company with the SEC. Risks and uncertainties
related to operating the company’s business include, but are not
limited to, increased competition, the timing and extent of changes
in prices for oil and gas, particularly in Wyoming and
Pennsylvania, the timing and extent of the company’s success in
discovering, developing, producing and estimating reserves, the
effects of weather and government regulation, availability of oil
field personnel, services, drilling rigs and other equipment, as
well as other factors listed in the reports filed by the company
with the SEC. Full details regarding the selected financial
information provided above will be available in the company’s
report on Form 10-Q for the quarter ended March 31, 2017.
For further information contact:
Sandi Kraemer
Director, Investor Relations
Phone: 281-582-6613
Email: skraemer@ultrapetroleum.com
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