Unit Co. (NYSE:UNT) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 8,650,000 shares, a decrease of 18.5% from the December 15th total of 10,610,000 shares. Approximately 16.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,560,000 shares, the days-to-cover ratio is presently 5.5 days.

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of Unit in the 3rd quarter worth about $81,000. Corient Capital Partners LLC purchased a new stake in shares of Unit in the 3rd quarter worth about $36,000. WealthTrust Axiom LLC grew its position in shares of Unit by 145.9% in the 3rd quarter. WealthTrust Axiom LLC now owns 93,022 shares of the oil and gas company’s stock worth $314,000 after buying an additional 55,200 shares during the period. First Trust Advisors LP grew its position in shares of Unit by 110.4% in the 3rd quarter. First Trust Advisors LP now owns 316,333 shares of the oil and gas company’s stock worth $1,069,000 after buying an additional 165,965 shares during the period. Finally, Chicago Equity Partners LLC grew its position in shares of Unit by 47.1% in the 3rd quarter. Chicago Equity Partners LLC now owns 252,081 shares of the oil and gas company’s stock worth $852,000 after buying an additional 80,690 shares during the period. Institutional investors and hedge funds own 84.60% of the company’s stock.

NYSE:UNT traded up $0.03 during trading hours on Tuesday, reaching $0.48. The company had a trading volume of 2,546,261 shares, compared to its average volume of 3,771,812. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.57. The firm has a market cap of $28.32 million, a price-to-earnings ratio of 0.48 and a beta of 2.44. The business’s 50-day simple moving average is $0.74 and its two-hundred day simple moving average is $3.22. Unit has a twelve month low of $0.44 and a twelve month high of $18.24.

Unit (NYSE:UNT) last posted its quarterly earnings results on Friday, November 8th. The oil and gas company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.06). The company had revenue of $155.44 million during the quarter, compared to analyst estimates of $160.87 million. Unit had a negative return on equity of 0.67% and a negative net margin of 40.93%. The company’s revenue for the quarter was down 29.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. As a group, equities analysts predict that Unit will post -0.67 earnings per share for the current year.

UNT has been the subject of several recent analyst reports. ValuEngine upgraded shares of Unit from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 1st. Raymond James cut shares of Unit from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, Zacks Investment Research cut shares of Unit from a “hold” rating to a “strong sell” rating in a research report on Saturday.

About Unit

Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. It operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment explores for, acquires, develops, and produces oil and natural gas properties.

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