The stock of Unit Corporation (NYSE:UNT) is a huge mover today! About 244,531 shares traded hands. Unit Corporation (NYSE:UNT) has risen 80.00% since April 13, 2016 and is uptrending. It has outperformed by 76.07% the S&P500.
The move comes after 9 months positive chart setup for the $1.05B company. It was reported on Nov, 15 by Barchart.com. We have $28.20 PT which if reached, will make NYSE:UNT worth $441.00 million more.
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 stock of Unit Corporation (NYSE:UNT) has “Buy” rating given on Friday, June 24 by Seaport Global. The firm has “Accumulate” rating given on Thursday, May 26 by KLR Group. The stock of Unit Corporation (NYSE:UNT) has “Outperform” rating given on Monday, August 17 by Iberia Capital Partners. The firm has “Buy” rating by SunTrust given on Thursday, December 17. Raymond James upgraded Unit Corporation (NYSE:UNT) on Friday, May 6 to “Strong Buy” rating.
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.
Ellington Management Grp Ltd Liability Co holds 0.31% or 14,400 shares in its portfolio. Goldman Sachs Group Inc Incorporated has invested 0% of its portfolio in Unit Corporation (NYSE:UNT). Thrivent For Lutherans has invested 0% of its portfolio in Unit Corporation (NYSE:UNT). Aperio Gp Ltd Company has invested 0% of its portfolio in Unit Corporation (NYSE:UNT). Hbk Investments L P has 0.03% invested in the company for 230,974 shares. Great West Life Assurance Company Can has invested 0% of its portfolio in Unit Corporation (NYSE:UNT). Meeder Asset Management Inc last reported 0% of its portfolio in the stock. Wells Fargo Co Mn holds 0% of its portfolio in Unit Corporation (NYSE:UNT) for 27,524 shares. Citadel Advsrs Limited Liability holds 0.01% of its portfolio in Unit Corporation (NYSE:UNT) for 457,135 shares. Price T Rowe Assocs Md holds 0% or 63,100 shares in its portfolio. Vanguard Gp has 4.11 million shares for 0% of their US portfolio. State Board Of Administration Of Florida Retirement Sys has 48,361 shares for 0% of their US portfolio. Granite Advisors has invested 0.09% of its portfolio in Unit Corporation (NYSE:UNT). Moreover, U S Glob Inc has 0.51% invested in Unit Corporation (NYSE:UNT) for 59,900 shares. Raymond James Ser Advsrs owns 26,460 shares or 0% of their US 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. Seekingalpha.com‘s article titled: “Unit Corporation’s B3/B+ Rated Bonds Offer 11.35% Yields, Maturing May 2021” and published on September 29, 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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