Prescott Group Capital Management L.L.C. lowered its stake in shares of Unit Corporation (NYSE:UNT) by 23.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,999 shares of the oil and gas company’s stock after selling 18,700 shares during the period. Prescott Group Capital Management L.L.C. owned approximately 0.12% of Unit Corporation worth $1,143,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in UNT. Ameritas Investment Partners Inc. purchased a new stake in shares of Unit Corporation during the first quarter valued at $106,000. State of Alaska Department of Revenue boosted its stake 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 valued at $137,000 after buying an additional 130 shares during the last quarter. Acrospire Investment Management LLC boosted its stake 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 valued at $164,000 after buying an additional 1,100 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Unit Corporation during the first quarter valued at approximately $200,000. Finally, Laurion Capital Management LP bought a new position in shares of Unit Corporation during the first quarter valued at approximately $205,000. 91.60% of the stock is owned by institutional investors and hedge funds.
Shares of Unit Corporation (NYSE UNT) traded up 3.96% on Friday, hitting $16.03. 638,462 shares of the company traded hands. The firm’s 50-day moving average is $17.90 and its 200 day moving average is $20.89. The firm 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 1-year low of $14.39 and a 1-year high of $30.63.
Unit Corporation (NYSE:UNT) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The business had revenue of $170.58 million during the quarter, compared to the consensus estimate of $178.59 million. Unit Corporation had a net margin of 0.39% and a return on equity of 2.07%. The firm’s revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.15) earnings per share. On average, analysts anticipate that Unit Corporation will post $0.53 earnings per share for the current fiscal year.
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Several brokerages have commented on UNT. Zacks Investment Research upgraded shares of Unit Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Cowen and Company set a $25.00 price objective on shares of Unit Corporation and gave the stock a “hold” rating in a report on Tuesday, July 18th. Scotiabank restated a “hold” rating and issued a $26.00 price objective on shares of Unit Corporation in a report on Friday, June 30th. National Securities restated a “buy” rating and issued a $30.00 price objective on shares of Unit Corporation in a report on Monday, May 8th. Finally, KLR Group lowered shares of Unit Corporation from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $23.00 to $19.00 in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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