Large Inflow of Money Witnessed in Unit Corporation

Unit Corporation (NYSE:UNT) : Investors lapped up stocks on upticks to the tune of $2.13 million in the Wednesdays trading session. The trading value on downticks was comparatively at $1.78 million and the uptick to downtick ratio of 1.2 indicates continuous buying by the bulls. The net money flow into the stock was $0.36 million. Upticks saw transactions worth $0.47 clearly indicating buying by large investors. The total money flow for block trades stood at $0.47 million, which is a positive for the stock in the long-term. Unit Corporation (NYSE:UNT) fell $0.01 during the day at $16, a drop of -0.06% over the previous days close. However, for the week, the stock is -3.96%, compared to the previous week.


In an insider trading activity, Nikkel John G, director of Unit Corp, had purchased 2,000 shares on March 1, 2016. The total value of the transaction was $11,440. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 3.2% of Unit Corporation shares according to the proxy statements. Institutional Investors own 96.72% of Unit Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 2.63%.

The company shares have dropped -38.73% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $27.10 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $14.86 and the 200 Day Moving Average price is recorded at $10.99. Unit Corporation (NYSE:UNT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.70 and $15.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.19, notching a gain of 1.12% for the day. The total traded volume was 1,212,855 . The stock had closed at $16.01 on the previous day.

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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