Unit Corporation (NYSE:UNT) Position Increased by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System raised its stake in shares of Unit Corporation (NYSE:UNT) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 21,500 shares of the oil and gas company’s stock after buying an additional 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Unit Corporation were worth $403,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of UNT. Ameritas Investment Partners Inc. acquired a new position in Unit Corporation during the first quarter valued at approximately $106,000. State of Alaska Department of Revenue raised its position in 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 period. Acrospire Investment Management LLC raised its position in 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 period. Jane Street Group LLC acquired a new position in Unit Corporation during the first quarter valued at approximately $200,000. Finally, Laurion Capital Management LP acquired a new position in Unit Corporation during the first quarter valued at approximately $205,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.
Unit Corporation (NYSE:UNT) traded up 0.82% during trading on Monday, reaching $17.29. 86,589 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $18.12 and a 200 day moving average price of $21.28. Unit Corporation has a 1-year low of $14.39 and a 1-year high of $30.63. The stock has a market capitalization of $914.40 million, a P/E ratio of 332.50 and a beta of 2.76.
Unit Corporation (NYSE:UNT) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Unit Corporation had a net margin of 0.39% and a return on equity of 2.07%. The business had revenue of $170.58 million during the quarter, compared to the consensus estimate of $178.59 million. During the same quarter in the prior year, the firm earned ($0.15) EPS. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. Equities research analysts expect that Unit Corporation will post $0.53 earnings per share for the current year.
Several research firms recently commented on UNT. Zacks Investment Research raised Unit Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Scotiabank set a $26.00 target price on Unit Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. BidaskClub lowered Unit Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. National Securities restated a “buy” rating and issued a $30.00 price objective on shares of Unit Corporation in a research note on Monday, May 8th. Finally, KLR Group upgraded shares of Unit Corporation from a “reduce” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Unit Corporation currently has an average rating of “Hold” and an average target price of $25.80.
About Unit Corporation
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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