Unit Corporation (UNT) Shares are Up 16.67%

Unit Corporation (UNT) : Traders are bullish on Unit Corporation (UNT) as it has outperformed the S&P 500 by a wide margin of 0.4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 16.6%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 16.67% in the last 1 week, and is up 1.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 11.84% and the 50-Day Moving Average is 0.95%. Unit Corporation (NYSE:UNT): stock turned positive on Friday. Though the stock opened at $14.7, the bulls momentum made the stock top out at $15.03 level for the day. The stock recorded a low of $14.39 and closed the trading day at $14.84, in the green by 2.98%. The total traded volume for the day was 949,965. The stock had closed at $14.41 in the previous days trading.


The company Insiders own 3.2% of Unit Corporation shares according to the proxy statements. Institutional Investors own 98.03% of Unit Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 2.63%. Also, Equity Analysts at the Brokerage Firm, KLR Group, downgrades their rating on the shares of Unit Corporation (NYSE:UNT). KLR Group has a Accumulate rating on the shares. Previously, the analysts had a Buy rating on the shares. 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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