Unit Corporation (UNTC)
Unit Corporation operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Tulsa, OK, US. The stock last traded at $31.94, down 3.21% on the session, giving a market capitalisation of $316.1M. On trailing twelve-month figures it carries a trailing P/E of 14.72, a net margin of 20.2%. Its beta of -0.19 implies it has historically moved less than the broad market.
Unit Corporation, along with its affiliated entities, is actively involved in the discovery, acquisition, expansion, and extraction of petroleum and natural gas resources across the United States. The company's operations are structured into three main divisions: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment focuses on identifying, securing, developing, and extracting crude oil and natural gas reserves. Its productive and undeveloped oil and gas holdings, including associated assets, are predominantly situated in Oklahoma and Texas, with additional operations spanning Colorado, Kansas, Louisiana, Montana, New Mexico, North Dakota, Utah, and Wyoming. The Contract Drilling division provides onshore drilling services for a diverse range of other energy companies. These activities primarily take place in Oklahoma, Texas, New Mexico, Wyoming, and North Dakota, utilizing a fleet comprising 21 drilling rigs. The Mid-Stream segment manages the procurement, sale, collection, refinement, and treatment of natural gas for external clients. This division oversees three natural gas conditioning facilities, twelve processing plants, eighteen gathering systems, and approximately 3,822 miles of pipeline infrastructure across Oklahoma, Texas, Kansas, Pennsylvania, and West Virginia. Unit Corporation was established in 1963 and maintains its headquarters in Tulsa, Oklahoma.
Unit Corporation is most often compared with the following Energy names: