A Reversal for Ultrapar Participações S.A. (UGP) Is Not Near. The Stock Declines Again

Ultrapar Participações S.A. (NYSE:UGP) Logo

The stock of Ultrapar Participações S.A. (NYSE:UGP) is a huge mover today! The stock decreased 3.58% or $0.16 during the last trading session, reaching $4.31. About 1.00 million shares traded. Ultrapar Participações S.A. (NYSE:UGP) has declined 12.14% since September 13, 2018 and is downtrending. It has underperformed by 12.14% the S&P500.
The move comes after 8 months negative chart setup for the $4.63B company. It was reported on Sep, 13 by Barchart.com. We have $4.01 PT which if reached, will make NYSE:UGP worth $324.31M less.

More notable recent Ultrapar Participações S.A. (NYSE:UGP) news were published by: Seekingalpha.com which released: “Ultrapar Participacoes EPS misses by R$0.14 – Seeking Alpha” on August 14, 2019, also Seekingalpha.com with their article: “Ultrapar Participações S.A. 2019 Q1 – Results – Earnings Call Slides – Seeking Alpha” published on May 16, 2019, Seekingalpha.com published: “Ultrapar Participacoes (UGP) Investor Presentation – Slideshow – Seeking Alpha” on December 01, 2017. More interesting news about Ultrapar Participações S.A. (NYSE:UGP) were released by: Prnewswire.com and their article: “MARKET ANNOUNCEMENT – Ultrapar announces filing of its 2018 Form 20-F – PRNewswire” published on April 22, 2019 as well as Seekingalpha.com‘s news article titled: “Petrobras refineries sale lures trading firms, PetroChina, Aramco – Reuters – Seeking Alpha” with publication date: August 27, 2019.

Ultrapar Participações S.A., through its subsidiaries, engages in the liquefied petroleum gas distribution, fuel distribution, and related businesses. The company has market cap of $4.63 billion. It operates through five divisions: Gas Distribution, Fuel Distribution, Chemicals, Storage, and Drugstores. It has a 8.24 P/E ratio. The Gas Distribution segment distributes LPG to residential, commercial, and industrial consumers, as well as independent dealers, principally in the South, Southeast, and Northeast regions of Brazil.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.