Unit Corp (NYSE:UNT) Institutional Investors Sentiment

October 13, 2017 - By Winifred Garcia

 Unit Corp (NYSE:UNT) Institutional Investors Sentiment

Sentiment for Unit Corp (NYSE:UNT)

Unit Corp (NYSE:UNT) institutional sentiment decreased to 1.04 in Q2 2017. Its down -0.31, from 1.35 in 2017Q1. The ratio is negative, as 82 funds increased and opened new positions, while 79 reduced and sold equity positions in Unit Corp. The funds in our partner’s database now hold: 47.97 million shares, up from 47.70 million shares in 2017Q1. Also, the number of funds holding Unit Corp in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 34 Reduced: 45 Increased: 58 New Position: 24.

Unit Corporation is an oil and natural gas contract drilling company. The company has market cap of $1.04 billion. The Firm has activities in the exploration and production and mid-stream areas. It has a 474.24 P/E ratio. The Firm operates through three divisions: Oil and Natural Gas, Contract Drilling and Mid-Stream.

About 496,355 shares traded or 7.15% up from the average. Unit Corporation (NYSE:UNT) has risen 62.42% since October 13, 2016 and is uptrending. It has outperformed by 45.72% the S&P500.

Analysts await Unit Corporation (NYSE:UNT) to report earnings on November, 2. They expect $0.10 EPS, up 150.00 % or $0.06 from last year’s $0.04 per share. UNT’s profit will be $5.25M for 49.55 P/E if the $0.10 EPS becomes a reality. After $0.07 actual EPS reported by Unit Corporation for the previous quarter, Wall Street now forecasts 42.86 % EPS growth.

Van Den Berg Management I Inc holds 3.58% of its portfolio in Unit Corporation for 1.55 million shares. Guinness Asset Management Ltd owns 259,323 shares or 1.03% of their US portfolio. Moreover, Delphi Management Inc Ma has 0.86% invested in the company for 82,607 shares. The Wisconsin-based Morgan Dempsey Capital Management Llc has invested 0.51% in the stock. Heartland Advisors Inc, a Wisconsin-based fund reported 384,659 shares.#img1#

Unit Corporation (NYSE:UNT) Ratings Coverage

Ratings analysis reveals 71% of Unit’s analysts are positive. Out of 7 Wall Street analysts rating Unit, 5 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $20 while the high is $26. The stock’s average target of $23.50 is 18.57% above today’s ($19.82) share price. UNT was included in 16 notes of analysts from August 17, 2015. Cowen & Co maintained the shares of UNT in report on Tuesday, July 18 with “Hold” rating. On Wednesday, August 23 the stock rating was upgraded by KLR Group to “Buy”. Seaport Global reinitiated it with “Buy” rating and $22 target in Friday, June 24 report. The rating was downgraded by KLR Group on Monday, November 21 to “Hold”. The rating was upgraded by Iberia Capital Partners on Monday, August 17 to “Outperform”. KLR Group downgraded the shares of UNT in report on Thursday, May 26 to “Accumulate” rating. The firm earned “Reduce” rating on Tuesday, December 13 by KLR Group. KLR Group downgraded the shares of UNT in report on Tuesday, July 25 to “Hold” rating. The stock has “Buy” rating by KLR Group on Friday, May 5. The company was initiated on Thursday, December 17 by SunTrust.

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