The stock of Unit Corporation (NYSE:UNT) is a huge mover today! About 565,980 shares traded hands. Unit Corporation (NYSE:UNT) has risen 110.44% since April 6, 2016 and is uptrending. It has outperformed by 108.48% the S&P500.
The move comes after 5 months negative chart setup for the $954.98M company. It was reported on Nov, 8 by Barchart.com. We have $16.58 PT which if reached, will make NYSE:UNT worth $47.75M less.
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. The firm has “Accumulate” rating by KLR Group given on Thursday, May 26. The stock of Unit Corporation (NYSE:UNT) has “Buy” rating given on Thursday, December 17 by SunTrust. The stock has “Outperform” rating given by Iberia Capital Partners on Monday, August 17. The stock of Unit Corporation (NYSE:UNT) has “Strong Buy” rating given on Friday, May 6 by Raymond James. The stock of Unit Corporation (NYSE:UNT) earned “Buy” rating by Seaport Global on Friday, June 24.
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 2016 Q2. Its up 0.02, from 1.41 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.
Springbok Cap Mgmt Limited Liability, a New York-based fund reported 100 shares. Brandywine Investment Ltd Liability Co has 0.01% invested in the company for 142,040 shares. Moreover, Tci Wealth Advsr Incorporated has 0% invested in Unit Corporation (NYSE:UNT) for 56 shares. Dimensional Fund L P accumulated 1.28M shares or 0.01% of the stock. The New York-based D E Shaw Inc has invested 0% in Unit Corporation (NYSE:UNT). State Board Of Administration Of Florida Retirement Systems, a Florida-based fund reported 48,361 shares. Great West Life Assurance Can holds 0% or 3,455 shares in its portfolio. Highbridge Capital Management Lc has 19,307 shares for 0% of their US portfolio. Moreover, Fmr has 0.01% invested in Unit Corporation (NYSE:UNT) for 6.45M shares. Guggenheim Cap Ltd Liability Company has 95,835 shares for 0% of their US portfolio. Cibc Ww Mkts Corporation holds 0.28% of its portfolio in Unit Corporation (NYSE:UNT) for 695,308 shares. Parametric Portfolio Associates Ltd Liability Com holds 0.01% of its portfolio in Unit Corporation (NYSE:UNT) for 237,249 shares. Hanseatic Mngmt accumulated 0% or 155 shares. Amica Pension Fund Board Of Trustees holds 161,360 shares or 0.33% of its portfolio. Penn Cap Mgmt Commerce Inc holds 0.02% or 23,817 shares in its portfolio.
More news for Unit Corporation (NYSE:UNT) were recently published by: Seekingalpha.com, which released: “Unit Corporation’s (UNT) CEO Larry Pinkston on Q3 2016 Results – Earnings Call …” on November 06, 2016. Businesswire.com‘s article titled: “Unit Corporation Reports 2016 Third Quarter Results” and published on November 03, 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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