December 1, 2016 - By Richard Conner · 0 Comments
Unit Corp (NYSE:UNT) institutional sentiment increased to 1.44 in 2016 Q2. Its up 0.01, from 1.43 in 2016Q1. The ratio is more positive, as 90 institutional investors started new and increased positions, while 63 reduced and sold their stock positions in Unit Corp. The institutional investors in our partner’s database now own: 47.60 million shares, down from 49.31 million shares in 2016Q1. Also, the number of institutional investors holding Unit Corp in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 24 Reduced: 39 Increased: 62 New Position: 28.
Unit Corporation is an oil and natural gas contract drilling company. The company has a market cap of $1.46 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.
About 570,871 shares traded hands. Unit Corporation (NYSE:UNT) has risen 88.66% since April 28, 2016 and is uptrending. It has outperformed by 82.74% the S&P500.
Analysts await Unit Corporation (NYSE:UNT) to report earnings on February, 23. They expect $-0.01 EPS, up 92.86% or $0.13 from last year’s $-0.14 per share. After $0.04 actual EPS reported by Unit Corporation for the previous quarter, Wall Street now forecasts -125.00% negative EPS growth.
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.”
Caymus Capital Partners L.P. holds 3.55% of its portfolio in Unit Corporation for 1.53 million shares. Van Den Berg Management I Inc owns 1.70 million shares or 3.39% of their US portfolio. Moreover, Prescott Group Capital Management L.L.C. has 1.57% invested in the company for 419,149 shares. The United Kingdom-based Guinness Asset Management Ltd has invested 1.49% in the stock. Morgan Dempsey Capital Management Llc, a Wisconsin-based fund reported 229,773 shares.#img1#
Ratings analysis reveals 80% of Unit’s analysts are positive. Out of 5 Wall Street analysts rating Unit, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $20 while the high is $26. The stock’s average target of $21.67 is -10.97% below today’s ($24.34) share price. UNT was included in 9 notes of analysts from August 17, 2015. Raymond James upgraded Unit Corporation (NYSE:UNT) on Friday, May 6 to “Strong Buy” rating. The stock of Unit Corporation (NYSE:UNT) earned “Accumulate” rating by KLR Group on Thursday, May 26. The stock of Unit Corporation (NYSE:UNT) earned “Hold” rating by KLR Group on Monday, November 21. Iberia Capital Partners upgraded the shares of UNT in a report on Monday, August 17 to “Outperform” rating. SunTrust initiated the shares of UNT in a report on Thursday, December 17 with “Buy” rating. Seaport Global reinitiated the shares of UNT in a report on Friday, June 24 with “Buy” rating.
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.
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.
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By Richard Conner