Unit Corporation (NYSE:UNT)’s Trend Up, Especially After Decreased Shorts

March 14, 2018 - By Maria Brooks

 Unit Corporation (NYSE:UNT)’s Trend Up, Especially After Decreased Shorts

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.11, from 1.04 in 2017Q2. It increased, as 11 investors sold Unit Corporation shares while 51 reduced holdings. 21 funds opened positions while 50 raised stakes. 49.30 million shares or 2.78% more from 47.97 million shares in 2017Q2 were reported.
Tower Rech Limited Liability Com (Trc) invested in 5,302 shares. Falcon Point Limited Company holds 93,336 shares. Neuberger Berman Gru Limited Com has invested 0% in Unit Corporation (NYSE:UNT). Invesco Ltd reported 0% in Unit Corporation (NYSE:UNT). First Trust Advsr Limited Partnership invested in 70,012 shares. Castleark Mngmt Limited Liability Corporation holds 10,030 shares. Hbk Invests L P has 25,757 shares. State Of Tennessee Treasury Department accumulated 46,462 shares. Parametric Portfolio Associate Limited Liability reported 201,430 shares stake. Credit Suisse Ag reported 87,197 shares. Mason Street Advisors Ltd Liability Company stated it has 0.01% of its portfolio in Unit Corporation (NYSE:UNT). Old Mutual Customised Solutions (Proprietary) Ltd owns 1,400 shares. Fmr Lc invested in 6.45M shares or 0.02% of the stock. Legal & General Gru Public Limited owns 194,874 shares. Wealthtrust Axiom Limited Liability Co holds 0.24% or 31,109 shares.

The stock of Unit Corporation (NYSE:UNT) registered a decrease of 0.7% in short interest. UNT’s total short interest was 3.60 million shares in March as published by FINRA. Its down 0.7% from 3.63M shares, reported previously. With 377,700 shares average volume, it will take short sellers 10 days to cover their UNT’s short positions. The short interest to Unit Corporation’s float is 7.05%.

The stock decreased 1.80% or $0.36 during the last trading session, reaching $19.62. About 188,521 shares traded. Unit Corporation (NYSE:UNT) has risen 62.42% since March 14, 2017 and is uptrending. It has outperformed by 45.72% the S&P500.

Unit Corporation, together with its subsidiaries, operates as an oil and natural gas contract drilling firm primarily in the United States. The company has market cap of $1.04 billion. The firm operates through three divisions: Oil and Natural Gas, Contract Drilling, and Mid-Stream. It has a 8.61 P/E ratio. The Oil and Natural Gas segment acquires, explores, develops, and produces oil and natural gas properties primarily located in Oklahoma and Texas, as well as in Arkansas, Colorado, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Utah, and Wyoming.

Unit Corporation (NYSE:UNT) Ratings Coverage

Among 7 analysts covering Unit (NYSE:UNT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Unit had 21 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of Unit Corporation (NYSE:UNT) earned “Outperform” rating by Iberia Capital Partners on Monday, August 17. The firm has “Hold” rating given on Friday, September 15 by Cowen & Co. The rating was downgraded by KLR Group on Tuesday, October 17 to “Hold”. The firm has “Buy” rating given on Thursday, November 2 by SunTrust. The stock of Unit Corporation (NYSE:UNT) has “Strong Buy” rating given on Friday, May 6 by Raymond James. Cowen & Co maintained the stock with “Hold” rating in Thursday, October 19 report. On Thursday, December 17 the stock rating was initiated by SunTrust with “Buy”. On Friday, February 23 the stock rating was maintained by SunTrust with “Buy”. The firm earned “Hold” rating on Monday, November 21 by KLR Group. The company was downgraded on Tuesday, December 13 by KLR Group.

More news for Unit Corporation (NYSE:UNT) were recently published by: Seekingalpha.com, which released: “Unit Corporation’s (UNT) CEO Larry Pinkston on Q4 2017 Results – Earnings Call …” on February 23, 2018. Businesswire.com‘s article titled: “Unit Corporation Reports 2017 Fourth Quarter and Year End Results” and published on February 22, 2018 is yet another important article.

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