Large Outflow of Money Witnessed in Unit Corporation

Shares of Unit Corporation (NYSE:UNT) advanced to $15.6. The price had gained 0.58% or 0.09 points intraday. The latest trading session witnessed $2.32 million in upticks and $3.66 million in downticks, resulting in net money flow of (-1.33) million. The up/down ratio for the day stood at 0.64. On a weekly scale, the price has seen a change of 10.56%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-0.71) million occurred during the day. $0 million in uptick and $0.71 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


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%. On the companys insider trading activities, 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.

Unit Corporation (NYSE:UNT) : On Monday heightened volatility was witnessed in Unit Corporation (NYSE:UNT) which led to swings in the share price. The stock opened for trading at $15.07 and hit $16.22 on the upside , eventually ending the session at $15.6, with a gain of 0.58% or 0.09 points. The heightened volatility saw the trading volume jump to 896,998 shares. The 52-week high of the share price is $31.48 and the company has a market cap of $802 million. The 52-week low of the share price is at $3.9 .

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, KLR Group downgrades its outlook on Unit Corporation (NYSE:UNT). The current rating of the shares is Accumulate, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on May 26, 2016.

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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