Unit Co. (NYSE:UNT) Director Buys $21,900.00 in Stock

Unit Co. (NYSE:UNT) Director G Bailey Iv Peyton purchased 3,000 shares of the stock in a transaction dated Wednesday, July 17th. The stock was purchased at an average price of $7.30 per share, with a total value of $21,900.00. Following the completion of the acquisition, the director now directly owns 74,652 shares in the company, valued at approximately $544,959.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

G Bailey Iv Peyton also recently made the following trade(s):

  • On Tuesday, May 7th, G Bailey Iv Peyton purchased 3,000 shares of Unit stock. The stock was purchased at an average price of $11.65 per share, with a total value of $34,950.00.

NYSE:UNT opened at $7.59 on Friday. Unit Co. has a 12-month low of $7.09 and a 12-month high of $29.06. The firm has a market cap of $421.00 million, a price-to-earnings ratio of 7.59 and a beta of 2.57. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $8.50.

Unit (NYSE:UNT) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.08). Unit had a negative net margin of 6.84% and a positive return on equity of 2.79%. The company had revenue of $189.70 million for the quarter, compared to analyst estimates of $202.16 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Unit Co. will post 0.61 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in UNT. Everence Capital Management Inc. acquired a new position in Unit during the 1st quarter valued at approximately $151,000. Nisa Investment Advisors LLC boosted its position in Unit by 123.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 10,875 shares of the oil and gas company’s stock worth $155,000 after acquiring an additional 6,000 shares during the period. United Services Automobile Association boosted its position in Unit by 7.3% during the 4th quarter. United Services Automobile Association now owns 12,302 shares of the oil and gas company’s stock worth $176,000 after acquiring an additional 838 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in Unit by 359.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 17,108 shares of the oil and gas company’s stock worth $244,000 after acquiring an additional 13,386 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Unit during the 4th quarter worth $272,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

A number of research analysts recently issued reports on the company. Raymond James set a $60.00 price objective on Banner and gave the company a “buy” rating in a research report on Friday, May 3rd. TheStreet lowered Unit from a “c-” rating to a “d+” rating in a research report on Tuesday, May 21st. ValuEngine lowered W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Saturday, July 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.33.

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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Insider Buying and Selling by Quarter for Unit (NYSE:UNT)

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