Unit Corp (NYSE:UNT) Institutional Investors Sentiment

December 14, 2017 - By Marie Mckinney

 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 or started new holdings, while 79 sold and trimmed stock 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 holdings was flat from 1 to 1 for the same number . Sold All: 34 Reduced: 45 Increased: 58 New Position: 24.

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 $1.02 billion. The firm operates through three divisions: Oil and Natural Gas, Contract Drilling, and Mid-Stream. It has a 32.39 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.

The stock decreased 1.87% or $0.37 during the last trading session, reaching $19.37. About 181,490 shares traded. Unit Corporation (NYSE:UNT) has risen 62.42% since December 14, 2016 and is uptrending. It has outperformed by 45.72% the S&P500.

Analysts await Unit Corporation (NYSE:UNT) to report earnings on February, 22. They expect $0.19 EPS, down 17.39 % or $0.04 from last year’s $0.23 per share. UNT’s profit will be $10.04 million for 25.49 P/E if the $0.19 EPS becomes a reality. After $0.10 actual EPS reported by Unit Corporation for the previous quarter, Wall Street now forecasts 90.00 % 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 57% of Unit’s analysts are positive. Out of 7 Wall Street analysts rating Unit, 4 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $20 while the high is $26. The stock’s average target of $23.80 is 22.87% above today’s ($19.37) share price. UNT was included in 19 notes of analysts from August 17, 2015. On Friday, May 5 the stock rating was upgraded by KLR Group to “Buy”. KLR Group downgraded the stock to “Reduce” rating in Tuesday, December 13 report. The firm has “Hold” rating given on Tuesday, October 17 by KLR Group. The company was downgraded on Thursday, May 26 by KLR Group. The stock has “Buy” rating by KLR Group on Wednesday, August 23. The firm earned “Hold” rating on Friday, September 15 by Cowen & Co. Cowen & Co maintained the shares of UNT in report on Tuesday, July 18 with “Hold” rating. The company was reinitiated on Friday, June 24 by Seaport Global. Raymond James upgraded the stock to “Strong Buy” rating in Friday, May 6 report. Cowen & Co maintained the stock with “Hold” rating in Thursday, October 19 report.

Another recent and important Unit Corporation (NYSE:UNT) news was published by Businesswire.com which published an article titled: “Unit Corporation Announces Newly Appointed Officer” on November 27, 2017.

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