Unit Corp. (UNT) Position Maintained by New York State Teachers Retirement System
New York State Teachers Retirement System continued to hold its position in Unit Corp. (NYSE:UNT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 125,172 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Unit Corp. were worth $1,948,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Capstone Asset Management Co. raised its stake in Unit Corp. by 2.2% in the second quarter. Capstone Asset Management Co. now owns 14,743 shares of the company’s stock worth $229,000 after buying an additional 320 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Unit Corp. by 231.9% in the second quarter. BNP Paribas Arbitrage SA now owns 29,297 shares of the company’s stock worth $456,000 after buying an additional 20,471 shares in the last quarter. Aperio Group LLC raised its stake in Unit Corp. by 19.2% in the first quarter. Aperio Group LLC now owns 30,511 shares of the company’s stock worth $269,000 after buying an additional 4,917 shares in the last quarter. Virginia Retirement System acquired a new stake in shares of Unit Corp. during the first quarter valued at $487,000. Finally, Avalon Advisors LLC raised its stake in shares of Unit Corp. by 266.4% in the first quarter. Avalon Advisors LLC now owns 82,927 shares of the company’s stock valued at $731,000 after buying an additional 60,295 shares during the period. 91.28% of the stock is currently owned by hedge funds and other institutional investors.
Unit Corp. (NYSE:UNT) traded down 2.94% on Friday, reaching $17.50. The company had a trading volume of 524,275 shares. The stock has a 50 day moving average of $17.34 and a 200 day moving average of $14.49. Unit Corp. has a 12 month low of $3.90 and a 12 month high of $19.60. The firm’s market capitalization is $901.30 million.
Unit Corp. (NYSE:UNT) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.07. Unit Corp. had a negative return on equity of 2.41% and a negative net margin of 95.26%. The company earned $138.30 million during the quarter, compared to the consensus estimate of $131.05 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The company’s quarterly revenue was down 35.5% compared to the same quarter last year. On average, analysts anticipate that Unit Corp. will post ($0.61) EPS for the current year.
Several equities research analysts have recently weighed in on the company. Seaport Global Securities reissued a “buy” rating and set a $22.00 target price on shares of Unit Corp. in a research report on Friday, June 24th. KLR Group raised their target price on Unit Corp. from $17.00 to $19.00 and gave the stock an “accumulate” rating in a research report on Friday, September 2nd. Finally, Zacks Investment Research lowered Unit Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Unit Corp. currently has a consensus rating of “Buy” and a consensus target price of $18.50.
Unit Corp. Company Profile
Unit Corporation is an oil and natural gas contract drilling company. 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. It is primarily engaged in the exploration, development, acquisition, and production of oil and natural gas properties, the land contract drilling of natural gas and oil wells, and the buying, selling, gathering, processing and treating of natural gas.
Want to see what other hedge funds are holding UNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unit Corp. (NYSE:UNT).
Receive News & Ratings for Unit Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unit Corp. and related companies with MarketBeat.com's FREE daily email newsletter.