Metropolitan Life Insurance Co. NY maintained its stake in Unit Corporation (NYSE:UNT) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 35,161 shares of the oil and gas company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned about 0.07% of Unit Corporation worth $849,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new position in Unit Corporation during the first quarter valued at about $106,000. State of Alaska Department of Revenue boosted its position in shares of Unit Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 5,700 shares of the oil and gas company’s stock worth $137,000 after buying an additional 130 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of Unit Corporation by 19.4% in the first quarter. Acrospire Investment Management LLC now owns 6,777 shares of the oil and gas company’s stock worth $164,000 after buying an additional 1,100 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Unit Corporation during the first quarter worth $200,000. Finally, Laurion Capital Management LP purchased a new position in shares of Unit Corporation during the first quarter worth $205,000. Institutional investors and hedge funds own 91.60% of the company’s stock.
Unit Corporation (NYSE UNT) opened at 16.03 on Friday. The stock has a 50 day moving average price of $17.90 and a 200-day moving average price of $20.89. The stock has a market capitalization of $847.76 million, a P/E ratio of 308.27 and a beta of 2.76. Unit Corporation has a 12-month low of $14.39 and a 12-month high of $30.63.
Unit Corporation (NYSE:UNT) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Unit Corporation had a return on equity of 2.07% and a net margin of 0.39%. The firm had revenue of $170.58 million for the quarter, compared to the consensus estimate of $178.59 million. During the same quarter last year, the business posted ($0.15) EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. Equities research analysts expect that Unit Corporation will post $0.53 EPS for the current year.
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A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Unit Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Cowen and Company set a $25.00 price objective on Unit Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. Scotiabank reaffirmed a “hold” rating and set a $26.00 price objective on shares of Unit Corporation in a research note on Friday, June 30th. National Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Unit Corporation in a research note on Monday, May 8th. Finally, KLR Group lowered Unit Corporation from a “buy” rating to a “hold” rating and decreased their price target for the stock from $23.00 to $19.00 in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.80.
Unit Corporation Company Profile
Unit Corporation is an oil and natural gas contract drilling company. The Company has operations in the exploration and production and mid-stream areas. The Company operates through three segments: Oil and Natural Gas, Contract Drilling and Mid-Stream. It 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.
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