The stock of Unit Corporation (NYSE:UNT) is a huge mover today! The stock increased 5.26% or $0.93 during the last trading session, hitting $18.6. About 706,191 shares traded hands. Unit Corporation (NYSE:UNT) has risen 248.52% since February 26, 2016 and is uptrending. It has outperformed by 238.10% the S&P500.
The move comes after 7 months positive chart setup for the $945.13M company. It was reported on Oct, 1 by Barchart.com. We have $29.39 PT which if reached, will make NYSE:UNT worth $548.18M more.
Analysts await Unit Corporation (NYSE:UNT) to report earnings on November, 1. They expect $-0.13 earnings per share, down 533.33% or $0.16 from last year’s $0.03 per share. After $-0.15 actual earnings per share reported by Unit Corporation for the previous quarter, Wall Street now forecasts -13.33% EPS growth.
Unit Corporation (NYSE:UNT) Ratings Coverage
Out of 5 analysts covering Unit (NYSE:UNT), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Unit has been the topic of 8 analyst reports since August 17, 2015 according to StockzIntelligence Inc. As per Friday, May 6, the company rating was upgraded by Raymond James. The stock of Unit Corporation (NYSE:UNT) earned “Outperform” rating by Iberia Capital Partners on Monday, August 17. Seaport Global reinitiated the shares of UNT in a report on Friday, June 24 with “Buy” rating. The rating was downgraded by KLR Group on Thursday, May 26 to “Accumulate”. The stock has “Buy” rating given by SunTrust on Thursday, December 17.
According to Zacks Investment Research, “UNIT CORP. is engaged in the land contract drilling of oil and natural gas wells, the development, acquisition and production of oil and natural gas properties, and the marketing of natural gas. Its principal areas of operations are located in the Anadarko and Arkoma Basins, which cover portions of Oklahoma, Texas, Kansas and Arkansas and has additional producing properties located in other states, including but not limited to, New Mexico, Louisiana, North Dakota, Colorado, Wyoming, Montana, Alabama and Mississippi.”
Insitutional Activity: The institutional sentiment increased to 1.43 in Q2 2016. Its up 0.02, from 1.41 in 2016Q1. The ratio improved, as 24 funds sold all Unit Corporation shares owned while 39 reduced positions. 28 funds bought stakes while 62 increased positions. They now own 47.60 million shares or 3.46% less from 49.31 million shares in 2016Q1.
Teachers Retirement Systems Of The State Of Kentucky holds 0% or 19,700 shares in its portfolio. Brandywine Invest Mngmt Limited Liability owns 142,040 shares or 0.01% of their US portfolio. Moreover, New York State Teachers Retirement has 0.01% invested in Unit Corporation (NYSE:UNT) for 125,172 shares. Prescott Gru Capital Management Limited Liability Corp last reported 1.57% of its portfolio in the stock. Teacher Retirement Sys Of Texas has 6,998 shares for 0% of their US portfolio. Sprott holds 0.25% of its portfolio in Unit Corporation (NYSE:UNT) for 317,500 shares. Renaissance Techs Ltd Liability owns 569,000 shares or 0.02% of their US portfolio. Victory Capital Mgmt last reported 0.16% of its portfolio in the stock. Moreover, Kcg Hldgs Inc has 0% invested in Unit Corporation (NYSE:UNT) for 13,556 shares. Schneider Cap Corp owns 239,208 shares or 0.7% of their US portfolio. Guinness Atkinson Asset Mgmt Incorporated last reported 0.62% of its portfolio in the stock. Checchi Cap Advisers Ltd Liability Com holds 0% or 426 shares in its portfolio. Raymond James Financial Advsrs Inc owns 26,460 shares or 0% of their US portfolio. Avalon Advsr Limited Liability Corporation owns 109,183 shares or 0.07% of their US portfolio. Los Angeles Cap Mgmt And Equity Rech Inc holds 14,485 shares or 0% of its portfolio.
Another recent and important Unit Corporation (NYSE:UNT) news was published by Seekingalpha.com which published an article titled: “Unit Corporation’s B3/B+ Rated Bonds Offer 11.35% Yields, Maturing May 2021” on September 29, 2016.
UNT Company Profile
Unit Corporation, incorporated on July 28, 1986, is an oil and natural gas contract drilling company. The Firm has activities in the exploration and production and mid-stream areas. The Firm operates through three divisions: Oil and Natural Gas, Contract Drilling and Mid-Stream. The Firm is primarily engaged in the exploration, development, acquisition, and production of oil and natural gas properties, the land contract drilling of natural gas and oil wells, and the buying, selling, gathering, processing and treating of natural gas. The Company’s Oil and Natural Gas activities are carried out by its subsidiary Unit Petroleum Company. Contract Drilling activities are carried out by subsidiary Unit Drilling Company. The Company’s Mid-Stream activities are carried out by subsidiary Superior Pipeline Company, L.L.C.
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