Unit Corporation (NYSE:UNT) has climbed 8.9% in the past week and advanced 28.44% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 10.2% and the outperformance has advanced to 27.27% for the last 4 weeks period.
Unit Corporation (NYSE:UNT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.63 and $15.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.89, notching a gain of 9.53% for the day. The total traded volume was 1,924,587 . The stock had closed at $15.42 on the previous day.
The company shares have dropped -40.76% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $29.69 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $13.83 and the 200 Day Moving Average price is recorded at $10.98.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Unit Corp, Nikkel John G, had purchased 2,000 shares in a transaction dated on March 1, 2016. The transaction was executed at $5.72 per share with total amount equaling $11,440.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, KLR Group downgrades its rating on Unit Corporation (NYSE:UNT).The analysts at the brokerage house have a current rating of Accumulate on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 26, 2016. Currently the company Insiders own 3.2% of Unit Corporation shares according to the proxy statements. Institutional Investors own 96.62% of Unit Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 2.63%.
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.