Falcon Point Capital LLC Has $1.69 Million Stake in Unit Corporation (UNT)
Falcon Point Capital LLC boosted its position in Unit Corporation (NYSE:UNT) by 24.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,461 shares of the oil and gas company’s stock after buying an additional 17,897 shares during the period. Falcon Point Capital LLC’s holdings in Unit Corporation were worth $1,694,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in shares of Unit Corporation during the first quarter worth $106,000. State of Alaska Department of Revenue increased its position in Unit Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 5,700 shares of the oil and gas company’s stock valued at $137,000 after buying an additional 130 shares during the period. Acrospire Investment Management LLC increased its position in Unit Corporation by 19.4% in the first quarter. Acrospire Investment Management LLC now owns 6,777 shares of the oil and gas company’s stock valued at $164,000 after buying an additional 1,100 shares during the period. Jane Street Group LLC bought a new position in Unit Corporation during the first quarter valued at $200,000. Finally, Laurion Capital Management LP bought a new position in Unit Corporation during the first quarter valued at $205,000. Institutional investors and hedge funds own 91.29% of the company’s stock.
Shares of Unit Corporation (NYSE UNT) opened at 17.15 on Friday. Unit Corporation has a 1-year low of $15.03 and a 1-year high of $30.63. The stock has a market cap of $906.99 million, a PE ratio of 329.81 and a beta of 2.76. The stock has a 50 day moving average of $18.12 and a 200 day moving average of $21.28.
Unit Corporation (NYSE:UNT) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $170.58 million during the quarter, compared to analyst estimates of $178.59 million. Unit Corporation had a net margin of 0.39% and a return on equity of 2.07%. The company’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.15) earnings per share. Equities research analysts forecast that Unit Corporation will post $0.53 EPS for the current year.
Several research analysts recently weighed in on UNT shares. Zacks Investment Research downgraded shares of Unit Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 10th. Scotiabank reaffirmed a “hold” rating and set a $26.00 price objective on shares of Unit Corporation in a research note on Friday, June 30th. KLR Group cut shares of Unit Corporation from a “buy” rating to a “hold” rating and dropped their price objective for the company from $23.00 to $19.00 in a research note on Tuesday, July 25th. Cowen and Company set a $25.00 price objective on shares of Unit Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. Finally, National Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Unit Corporation in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.80.
Unit Corporation 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.
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