Home Sectors Energy Stock to Watch: Unit Corporation (NYSE: UNT)

Stock to Watch: Unit Corporation (NYSE: UNT)

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Unit Corporation is part of the energy sector and oil and gas drilling industry. The company CEO is Larry D. Pinkston. Unit Corp is 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.

Previous Intraday Trading Performance:

The UNT stock showed a previous change of 7.00% with an open at 7.97 and a close of 8.25. It reached an intraday high of 8.33 and a low of 7.84.

Business Wire:  Unit Corporation to Present at the Bank of America Merrill Lynch 2019 Energy Credit Conference

Liquidity:

The stock has a market cap of $457.6m with 55.5m shares outstanding, of which the float is 53.2m shares. Trading volume reached 495,601 shares compared to its average volume of 393,586 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Unit Corporation shares returned -2.02% and in the past 30 trading days it returned -31.76%. Over three months, it changed -45.54%. In one year it has changed -63.41% and within that year its 52-week high was 29.06 and its 52-week low was 7.68. UNT stock is 7.42% above its 52 Week Low.

Our calculations show a 200 day moving average of 18.10 and a 50 day moving average of 12.11. Currently UNT stock is trading -54.41% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

Business Wire:  Unit Corporation to Present at the Bank of America Merrill Lynch 2019 Energy Credit Conference

Earnings:

The last annual fiscal EPS for the company was reported at -0.87 that ended on 31st of December 2018. Based on 2 analyst estimates, the consensus EPS for the next quarter is 0.25. The TTM EPS is 0.99, which comes to a TTM PE of 8.33.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/02/2019): -0.07
4thQtr of 2018 (Reported on 02/21/2019): -1.49
3rdQtr of 2018 (Reported on 11/06/2018): 0.36
2ndQtr of 2018 (Reported on 08/09/2018): 0.11
1stQtr of 2018 (Reported on 05/03/2018): 0.15

Indicators to Watch:

Short-interest was 3,192,124, which was 5.75% of shares outstanding. The short-interest ratio or days-to-cover ratio was 8.19. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 2.61.

SeekingAlpha:  NETGEAR, Inc. (NTGR) CEO Patrick Lo on Q1 2019 Results – Earnings Call Transcript

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -4.31%, return on assets is -2.22%, profit margin is -6.04%, price-to-sales is 0.52 and price-to-book is 0.31.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 0  :Past Performance Score
 0  :Financial Strength Score
 3  :Future Growth Score
 0  :Dividend Score
 1  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.