Ultra Petroleum (UPL) has earnings per share of $1.51 and a P/E ratio of 32.84. What’s...

Question

Question

Ultra Petroleum (UPL) has earnings per share of $1.51 and a P/E ratio of 32.84.

What’s the stock price? (Round your answer to 2 decimal places.)

Answer 1

Answer #1

P/E ratio= 32.84

Earnings per share= $1.51

Price to Earnings ratio is calculated using the following formula:

Price to Earnings (P/E)= Stock price per share/Earnings per share

32.84= Stock price per share/ $1.51

Stock price per share= 32.84*$1.51= $49.59.

Answer 2

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