The stock of Unit Corporation (NYSE:UNT) is a huge mover today! About 627,082 shares traded hands. Unit Corporation (NYSE:UNT) has risen 57.50% since April 27, 2016 and is uptrending. It has outperformed by 52.27% the S&P500.
The move comes after 9 months positive chart setup for the $1.19B company. It was reported on Nov, 30 by Barchart.com. We have $24.56 PT which if reached, will make NYSE:UNT worth $59.50 million more.
Analysts await Unit Corporation (NYSE:UNT) to report earnings on February, 23. They expect $-0.01 earnings per share, up 92.86% or $0.13 from last year’s $-0.14 per share. After $0.04 actual earnings per share reported by Unit Corporation for the previous quarter, Wall Street now forecasts -125.00% negative EPS growth.
Unit Corporation (NYSE:UNT) Ratings Coverage
Out of 5 analysts covering Unit (NYSE:UNT), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Unit has been the topic of 9 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The company was reinitiated on Friday, June 24 by Seaport Global. As per Friday, May 6, the company rating was upgraded by Raymond James. The firm has “Outperform” rating given on Monday, August 17 by Iberia Capital Partners. As per Thursday, December 17, the company rating was initiated by SunTrust. The rating was downgraded by KLR Group to “Hold” on Monday, November 21. The rating was downgraded by KLR Group on Thursday, May 26 to “Accumulate”.
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 1.44 in Q2 2016. Its up 0.01, from 1.43 in 2016Q1. The ratio is positive, 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.
Ladenburg Thalmann Fin Serv accumulated 0% or 1,000 shares. Employees Retirement Association Of Colorado owns 13,252 shares or 0% of their US portfolio. Teacher Retirement Systems Of Texas has 0% invested in the company for 6,998 shares. Prudential Inc has invested 0% of its portfolio in Unit Corporation (NYSE:UNT). Secor Capital Advsrs L P has 0.05% invested in the company for 27,666 shares. State Of Tennessee Treasury Department holds 40,989 shares or 0% of its portfolio. Penn Mgmt has invested 0.02% of its portfolio in Unit Corporation (NYSE:UNT). Swiss Bankshares accumulated 84,900 shares or 0% of the stock. Castleark Limited Liability holds 0.1% of its portfolio in Unit Corporation (NYSE:UNT) for 195,730 shares. Financial Mgmt Pro Incorporated reported 307 shares or 0% of all its holdings. Los Angeles Cap Management Equity Rech Inc holds 14,485 shares or 0% of its portfolio. Hanseatic Ser last reported 0% of its portfolio in the stock. Tci Wealth Advsrs owns 56 shares or 0% of their US portfolio. Virginia Retirement Systems Et Al holds 0.01% of its portfolio in Unit Corporation (NYSE:UNT) for 55,300 shares. Citadel Advsrs Lc has invested 0.01% of its portfolio in Unit Corporation (NYSE:UNT).
More news for Unit Corporation (NYSE:UNT) were recently published by: Businesswire.com, which released: “Unit Corporation Reports 2016 Third Quarter Results” on November 03, 2016. Seekingalpha.com‘s article titled: “Unit Corporation’s (UNT) CEO Larry Pinkston on Q3 2016 Results – Earnings Call …” and published on November 06, 2016 is yet another important article.
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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