How Sun Trust Rbsn Humphrey Currently Rates Unit (NYSE:UNT)
Sun Trust Rbsn Humphrey have begun coverage on Unit (NYSE:UNT) shares recently in a note revealed to investors on 17 December. The financial company has decided to place a “Buy” rating on UNT stock.
Approximately 132,643 shares of stock traded hands. Unit Corporation (NYSE:UNT) has declined 65.21% since May 14, 2015 and is downtrending. It has underperformed by 62.94% the S&P500.
The overall sentiment of institutions has decreased to 0.86 in Q2 2015. Its down 0.38, from 1.24 in 2015Q2. The ratio is negative, as 54 institutions have sold all the shares of Unit Corporation that they owned while 47 funds have taken shares off the table. 25 funds have purchased shares for the first time while 62 added to their positions. These institutions now hold 50.05 million shares or 0.43% less than the 50.27 million shares they owned in 2015Q2.
The Fund Intrepid Capital Management Inc currently is holding shares equating to 2.17% of its total portfolio in Unit Corporation representing a total of 553,925 shares. Another fund,Van Den Berg Management I Inc, is holding a total of 1.36 million shares equating to 1.97% of their holdings. Additionally, Key Group Holdings (Cayman) Ltd. has a 2.25 million share stake in Unit Corporation which represents 1.84% of their total portfolio. The Fund, George Kaiser Family Foundation, based out of Oklahoma, has also built up a stake in the stock, which represents a total of 1.68% of their total portfolio. Finally Morgan Dempsey Capital Management Llc, a fund which is based in the state of Wisconsin reported a total holdings of 386,958 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 27, 2015, shareholders of Unit Corporation have witnessed 3 insider buys, and a total of 0 selling transactions equating to a net activity of approximately $113,206 . Hildebrand Steven B bought 2,000 shares worth approximately $22,780. Payne Larry C bought 2,000 shares worth approximately $22,626. Peyton G Bailey Iv bought 6,000 shares worth approximately $67,800. Schell Mark E sold 5,500 shares worth approximately $171,326. The company insider Parks Robert sold 10,590 shares worth $292,407.
Unit Corporation is an oil and natural gas contract drilling company. The company has a market cap of $586.21 million. In addition to its drilling operations, the Company has activities in the exploration and production and mid-stream areas. It currently has negative earnings. The Firm operates through three divisions: Oil and Natural Gas, Contract Drilling, and Mid-Stream.
According to Zacks Investment Research, “UNIT CORP. is engaged in the land contract drilling of oil and natural gas wells, the development, acquisition and production of oil and natural gas properties, and the marketing of natural gas. Its principal areas of operations are located in the Anadarko and Arkoma Basins, which cover portions of Oklahoma, Texas, Kansas and Arkansas and has additional producing properties located in other states, including but not limited to, New Mexico, Louisiana, North Dakota, Colorado, Wyoming, Montana, Alabama and Mississippi.”