Is Buying Unit Corporation (UNT) Here a Winning Strategy?

May 19, 2017 - By Maria Brooks

The stock of Unit Corporation (NYSE:UNT) is a huge mover today! About 307,627 shares traded. Unit Corporation (NYSE:UNT) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.
The move comes after 5 months positive chart setup for the $1.08B company. It was reported on May, 19 by Barchart.com. We have $21.18 PT which if reached, will make NYSE:UNT worth $32.40 million more.

Unit Corporation (NYSE:UNT) Ratings Coverage

Among 5 analysts covering Unit (NYSE:UNT), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Unit had 11 analyst reports since August 17, 2015 according to SRatingsIntel. The stock has “Buy” rating by Seaport Global on Friday, June 24. The stock of Unit Corporation (NYSE:UNT) has “Strong Buy” rating given on Friday, May 6 by Raymond James. The company was upgraded on Friday, May 5 by KLR Group. The firm earned “Reduce” rating on Tuesday, December 13 by KLR Group. The rating was initiated by SunTrust on Thursday, December 17 with “Buy”. The stock of Unit Corporation (NYSE:UNT) has “Accumulate” rating given on Thursday, May 26 by KLR Group. On Monday, November 21 the stock rating was downgraded by KLR Group to “Hold”. The rating was upgraded by Iberia Capital Partners on Monday, August 17 to “Outperform”.

Investors sentiment decreased to 1.11 in Q4 2016. Its down 0.33, from 1.44 in 2016Q3. It is negative, as 21 investors sold Unit Corporation shares while 55 reduced holdings. 32 funds opened positions while 52 raised stakes. 47.70 million shares or 0.06% less from 47.73 million shares in 2016Q3 were reported.
Sterling Cap Mngmt Llc holds 0.01% or 49,421 shares in its portfolio. Blackrock Advisors Limited Com holds 53,374 shares. Moreover, Rhumbline Advisers has 0.01% invested in Unit Corporation (NYSE:UNT) for 84,510 shares. Gsa Cap Prns Ltd Liability Partnership has invested 0.02% of its portfolio in Unit Corporation (NYSE:UNT). Smith Asset Management Grp Inc Limited Partnership has 938 shares for 0% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 1,648 shares. First Tru L P holds 0.01% or 62,928 shares in its portfolio. Qs Invsts Ltd Llc accumulated 115,150 shares or 0.03% of the stock. Invesco holds 891,391 shares or 0.01% of its portfolio. Heartland Advsr reported 0.65% in Unit Corporation (NYSE:UNT). Parkside Bancorporation Trust owns 29 shares for 0% of their portfolio. Guinness Atkinson Asset Mngmt holds 41,297 shares or 0.75% of its portfolio. Bridgecreek Investment Mgmt Ltd Liability Company owns 0.53% invested in Unit Corporation (NYSE:UNT) for 70,000 shares. Moreover, D E Shaw & Inc has 0% invested in Unit Corporation (NYSE:UNT). Avalon Advsrs holds 0.11% or 113,088 shares.

More important recent Unit Corporation (NYSE:UNT) news were published by: Finance.Yahoo.com which released: “Unit Corporation Reports 2017 First Quarter Results” on May 04, 2017, also Seekingalpha.com published article titled: “Unit Corporation: This Small-Cap Is A Leveraged Play On A Rebounding Oil Industry”, Seekingalpha.com published: “Unit Corporation’s (UNT) CEO Larry Pinkston on Q4 2016 Results – Earnings Call …” on February 25, 2017. More interesting news about Unit Corporation (NYSE:UNT) was released by: Prnewswire.com and their article: “Oil & Gas Stocks Under Scanner — Northern Oil and Gas, Unit Corp., Camber …” with publication date: April 24, 2017.

Unit Corporation is an oil and natural gas contract drilling company. The company has market cap of $1.08 billion. The Firm has activities in the exploration and production and mid-stream areas. It currently has negative earnings. The Firm operates through three divisions: Oil and Natural Gas, Contract Drilling and Mid-Stream.

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