Trade-Ideas: Unit (UNT) Is Today's

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Unit ( UNT) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Unit as such a stock due to the following factors:

  • UNT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $17.4 million.
  • UNT has traded 296,936 shares today.
  • UNT is down 3.1% today.
  • UNT was up 5.6% yesterday.

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More details on UNT:

Unit Corporation, together with its subsidiaries, operates as an oil and natural gas contract drilling company primarily in the United States. The company operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. UNT has a PE ratio of 11.9. Currently there is 1 analyst that rates Unit a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Unit has been 552,500 shares per day over the past 30 days. Unit has a market cap of $1.7 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.23 and a short float of 7.2% with 5.56 days to cover. Shares are down 3.3% year-to-date as of the close of trading on Thursday.

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