Unit Corporation (UNT) had a rough trading day for Monday December 09 as shares tumbled 6.53%, or a loss of $-0.0637 per share, to close at $0.91. After opening the day at $0.97, shares of Unit Corporation traded as high as $1.00 and as low as $0.90. Volume was 452,016 shares over 2,347 trades, against an average daily volume of n/a shares and a total float of 55.53 million.
As a result of the decline, Unit Corporation now has a market cap of $50.61 million. In the last year, shares of Unit Corporation have traded between a range of $19.49 and $0.60, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
Unit Corp is an oil and natural gas contract drilling company. The company is also in exploration and production and mid-stream areas. There are three segments which include Oil and Natural gas, Contract Drilling & Mid-stream. The oil and natural gas segment are engaged in the development, acquisition, and production of oil, NGLs, and natural gas properties. The contract drilling segment is engaged in the land contract drilling of oil and natural gas wells and the mid-stream segment is engaged in the buying, selling, gathering, processing, and treating of natural gas.
Unit Corporation is based out of Tulsa, OK and has some 913 employees. Its CEO is Larry D. Pinkston.
Unit Corporation is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
