WealthTrust Axiom LLC Boosts Holdings in Unit Co. (NYSE:UNT)

WealthTrust Axiom LLC increased its holdings in Unit Co. (NYSE:UNT) by 145.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,022 shares of the oil and gas company’s stock after buying an additional 55,200 shares during the quarter. WealthTrust Axiom LLC owned 0.17% of Unit worth $314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Arizona State Retirement System lifted its holdings in Unit by 2.6% during the second quarter. Arizona State Retirement System now owns 86,043 shares of the oil and gas company’s stock valued at $765,000 after purchasing an additional 2,176 shares in the last quarter. Swiss National Bank lifted its holdings in Unit by 2.7% during the second quarter. Swiss National Bank now owns 101,200 shares of the oil and gas company’s stock valued at $900,000 after purchasing an additional 2,700 shares in the last quarter. Strs Ohio lifted its holdings in Unit by 7.6% during the second quarter. Strs Ohio now owns 41,000 shares of the oil and gas company’s stock valued at $364,000 after purchasing an additional 2,900 shares in the last quarter. Elkfork Partners LLC lifted its holdings in Unit by 30.1% during the second quarter. Elkfork Partners LLC now owns 13,596 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 3,146 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in Unit by 10.2% during the second quarter. Bank of Montreal Can now owns 38,251 shares of the oil and gas company’s stock valued at $340,000 after purchasing an additional 3,533 shares in the last quarter. 86.32% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on the stock. ValuEngine raised shares of Unit from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 1st. Raymond James downgraded shares of Unit from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, Zacks Investment Research downgraded shares of Unit from a “hold” rating to a “strong sell” rating in a report on Saturday, October 19th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Unit has a consensus rating of “Hold” and an average price target of $19.00.

NYSE:UNT traded down $0.97 during trading hours on Friday, hitting $1.04. 4,995,660 shares of the stock traded hands, compared to its average volume of 588,013. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.48. Unit Co. has a 1 year low of $0.99 and a 1 year high of $23.00. The company has a market cap of $126.07 million, a price-to-earnings ratio of 1.04 and a beta of 2.69. The stock has a 50 day moving average price of $2.79 and a 200 day moving average price of $6.46.

Unit (NYSE:UNT) last released its quarterly earnings data on Friday, November 8th. The oil and gas company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.06). The company had revenue of $155.44 million for the quarter, compared to the consensus estimate of $160.87 million. Unit had a negative net margin of 8.99% and a positive return on equity of 1.31%. The company’s quarterly revenue was down 29.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. Equities analysts forecast that Unit Co. will post -0.59 earnings per share for the current fiscal year.

In related news, EVP Frank Q. Young acquired 10,000 shares of Unit stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average price of $2.74 per share, for a total transaction of $27,400.00. Following the completion of the transaction, the executive vice president now directly owns 103,848 shares in the company, valued at approximately $284,543.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.16% of the company’s stock.

About Unit

Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. It operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment explores for, acquires, develops, and produces oil and natural gas properties.

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Institutional Ownership by Quarter for Unit (NYSE:UNT)

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