Company Shares of Unit Corporation (NYSE:UNT) Drops by -11.95%

Unit Corporation (NYSE:UNT) : During the past 4 weeks, traders have been relatively bearish on Unit Corporation (NYSE:UNT), hence the stock is down -8.82% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -13.06% relative to the S&P 500. The 4-week change in the price of the stock is -7.35% and the stock has fallen -11.95% in the past 1 week.

The company shares have dropped -41.59% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $25.33 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $15.27 and the 200 Day Moving Average price is recorded at $11.16.

The stock has recorded a 20-day Moving Average of 9.82% and the 50-Day Moving Average is 0.14%.


Unit Corporation (NYSE:UNT): stock turned positive on Friday. Though the stock opened at $14.36, the bulls momentum made the stock top out at $14.59 level for the day. The stock recorded a low of $13.84 and closed the trading day at $14.37, in the green by 4.06%. The total traded volume for the day was 793,183. The stock had closed at $13.81 in the previous days trading.

In an insider trading activity, Nikkel John G, director of Unit Corp, executed a transaction worth $11,440 on March 1, 2016. A total of 2,000 shares were purchased at an average price of $5.72. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Unit Corporation (Unit) is an oil and natural gas contract drilling company. In addition to its drilling operations, 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. The Companys Oil and Natural Gas operations are carried out by its subsidiary Unit Petroleum Company, which explores, develops, acquires, and produces oil and natural gas properties. Contract Drilling operations are carried out by subsidiary Unit Drilling Company and its subsidiaries. Contract Drilling segment contracts to drill onshore oil and natural gas wells for others. The Companys Mid-Stream are operations carried out by subsidiary Superior Pipeline Company, L.L.C., which buys, sells, gathers, processes, and treats natural gas for third parties and for the Company.

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