Unit Corporation (UNT) Forms Bearish Head & Shoulders Pattern at $22.74

May 16, 2018 - By Leslie Harms

During Q4 2017 the big money sentiment decreased to 0.84. That’s change of 0.31, from 2017Q3’s 1.15. 14 investors sold all, 67 reduced holdings as Unit Corporation ratio turned negative. 43 increased holdings while 25 funds took holdings. Funds hold 48.03 million shares thus 2.58% less from 2017Q3’s 49.30 million shares.
69,250 were accumulated by Bridgecreek Invest Ltd Liability Corporation. Cornerstone Mgmt Hldgs Llc holds 0% of its capital in Unit Corporation (NYSE:UNT) for 14,100 shs. Moreover, Wells Fargo And Mn has 0% invested in Unit Corporation (NYSE:UNT). Stevens Mngmt L P reported 0.02% stake. Us Financial Bank De reported 0% stake. Ny State Common Retirement Fund, New York-based fund reported 55,500 shs. The Texas-based Bridgeway Cap Management Incorporated has invested 0.06% in Unit Corporation (NYSE:UNT). Ameritas Investment Prns Inc reported 0% of its capital in Unit Corporation (NYSE:UNT). Piedmont Invest Limited Company, North Carolina-based fund reported 10,869 shs. Moreover, Prescott Grp Mngmt Llc has 0.28% invested in Unit Corporation (NYSE:UNT). Cubist Systematic Strategies Limited Liability Com has invested 0.01% of its capital in Unit Corporation (NYSE:UNT). Systematic Financial Management Lp, a New Jersey-based fund reported 75,115 shs. Pub Employees Retirement Association Of Colorado reported 12,769 shs. Regions reported 8,000 shs. Bokf Na accumulated 150,031 shs.

Unit Corporation (UNT) made a H&S technical pattern today and has $21.15 target or 7.00 % below today’s $22.74 price per share. $1.23B company has high risk because of the 9 months technical pattern. Faxor.com posted it on May, 16. The valuation of UNT can change by $86.03 million if our $21.15 PT is reached.

UNT is reaching $22.74 during the last trading session, after increased 2.06%.Currently Unit Corporation is downtrending after 23.47% change in last May 16, 2017. UNT has 92,866 shares volume. The stock underperformed the S&P500 by 35.02%.

On August, 2 Unit Corporation (NYSE:UNT)’s earnings report is expected by WallStreet, as reported by Faxor. Analysts forecast $0.14 earnings per share, which is $0.07 up or 100.00 % from 2017’s $0.07 earnings per share. If reported the P/E will be 40.61 with $7.57 million profit. Analysts at Wall Street see Unit Corporation’s -33.33 % negative EPS growth compared to $0.21 earnings per share for last quarter.

Unit Corporation (NYSE:UNT) Ratings Coverage

In total 3 analysts cover Unit Corp (NYSE:UNT). “Buy” rating has 0, “Sell” are 0, while 3 are “Hold”. (NYSE:UNT) has 0 bullish analysts. With $27.0 highest and $25 lowest target price, Unit Corp has $26.33 average target price or 15.79% above the current ($22.74) price. 4 are the (NYSE:UNT)’s ratings reports on May 16, 2018 according to StockzIntelligence Inc. In Thursday, January 18 report Cowen & Co maintained the stock with “Hold” rating. On Friday, February 23 the firm has “Buy” rating given by SunTrust. On Tuesday, March 27 the company was downgraded by SunTrust.

There’s a substantial Unit Corporation (NYSE:UNT) news published by Seekingalpha.com. It’s an item titled: “Unit Corporation’s (UNT) CEO Larry Pinkston on Q2 2018 Results – Earnings Call Transcript” on May 04, 2018.

Unit Corporation (NYSE:UNT) Institutional Investors Chart

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