Great West Life Assurance Co. Can Acquires 5,100 Shares of Unit Corporation (UNT)
Great West Life Assurance Co. Can raised its stake in shares of Unit Corporation (NYSE:UNT) by 6.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 80,104 shares of the oil and gas company’s stock after buying an additional 5,100 shares during the period. Great West Life Assurance Co. Can owned approximately 0.15% of Unit Corporation worth $1,500,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in UNT. Swiss National Bank boosted its stake in shares of Unit Corporation by 3.0% in the first quarter. Swiss National Bank now owns 84,800 shares of the oil and gas company’s stock valued at $2,049,000 after buying an additional 2,500 shares in the last quarter. Comerica Bank boosted its stake in shares of Unit Corporation by 4.4% in the first quarter. Comerica Bank now owns 57,196 shares of the oil and gas company’s stock valued at $1,224,000 after buying an additional 2,390 shares in the last quarter. Falcon Point Capital LLC boosted its stake in shares of Unit Corporation by 6.0% in the first quarter. Falcon Point Capital LLC now owns 72,564 shares of the oil and gas company’s stock valued at $1,753,000 after buying an additional 4,091 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Unit Corporation during the first quarter valued at about $4,755,000. Finally, Algert Global LLC acquired a new stake in shares of Unit Corporation during the first quarter valued at about $1,346,000. Hedge funds and other institutional investors own 92.57% of the company’s stock.
Shares of Unit Corporation (NYSE:UNT) opened at 15.44 on Thursday. The stock has a market capitalization of $816.56 million, a PE ratio of 296.92 and a beta of 2.76. The stock’s 50 day moving average is $17.62 and its 200 day moving average is $20.53. Unit Corporation has a 12 month low of $15.03 and a 12 month high of $30.63.
Unit Corporation (NYSE:UNT) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $170.58 million during the quarter, compared to analysts’ expectations of $178.59 million. Unit Corporation had a return on equity of 2.07% and a net margin of 0.39%. The company’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.15) earnings per share. Analysts anticipate that Unit Corporation will post $0.51 earnings per share for the current fiscal year.
Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Unit Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Cowen and Company set a $25.00 target price on shares of Unit Corporation and gave the company a “hold” rating in a research report on Tuesday, July 18th. National Securities restated a “buy” rating and set a $30.00 target price on shares of Unit Corporation in a research report on Monday, May 8th. Scotiabank restated a “hold” rating and set a $26.00 target price on shares of Unit Corporation in a research report on Friday, June 30th. Finally, BidaskClub cut shares of Unit Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Unit Corporation currently has a consensus rating of “Hold” and a consensus target price of $26.00.
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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