David Sipes Unloaded 15,300 Shares of RingCentral, Inc. (RNG); Unit (UNT) Has 0.84 Sentiment

May 24, 2018 - By Nellie Frank

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Sentiment for Unit Corp (UNT)

Unit Corp (UNT) investors sentiment decreased to 0.84 in 2017 Q4. It’s down -0.31, from 1.15 in 2017Q3. The ratio has worsened, as 68 funds increased and opened new stock positions, while 81 reduced and sold holdings in Unit Corp. The funds in our database reported: 48.03 million shares, down from 49.30 million shares in 2017Q3. Also, the number of funds holding Unit Corp in top ten stock positions was flat from 1 to 1 for the same number . Sold All: 14 Reduced: 67 Increased: 43 New Position: 25.

Unit Corporation, together with its subsidiaries, operates as an oil and natural gas contract drilling firm primarily in the United States. The company has market cap of $1.20 billion. The firm operates through three divisions: Oil and Natural Gas, Contract Drilling, and Mid-Stream. It has a 9.7 P/E ratio. The Oil and Natural Gas segment acquires, explores, develops, and produces oil and natural gas properties primarily located in Oklahoma and Texas, as well as in Arkansas, Colorado, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Utah, and Wyoming.

Analysts await Unit Corporation (NYSE:UNT) to report earnings on August, 2. They expect $0.14 EPS, up 100.00% or $0.07 from last year’s $0.07 per share. UNT’s profit will be $7.57 million for 39.48 P/E if the $0.14 EPS becomes a reality. After $0.21 actual EPS reported by Unit Corporation for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

The stock decreased 1.07% or $0.24 during the last trading session, reaching $22.11. About 69,616 shares traded. Unit Corporation (UNT) has declined 23.47% since May 24, 2017 and is downtrending. It has underperformed by 35.02% the S&P500.

Van Den Berg Management I Inc holds 3.49% of its portfolio in Unit Corporation for 1.41 million shares. Guinness Asset Management Ltd owns 244,323 shares or 1.13% of their US portfolio. Moreover, Piermont Capital Management Inc. has 0.71% invested in the company for 98,136 shares. The Wisconsin-based Heartland Advisors Inc has invested 0.62% in the stock. Morgan Dempsey Capital Management Llc, a Wisconsin-based fund reported 72,396 shares.

Another recent and important Unit Corporation (NYSE:UNT) news was published by Seekingalpha.com which published an article titled: “Unit Corporation’s (UNT) CEO Larry Pinkston on Q2 2018 Results – Earnings Call Transcript” on May 04, 2018.

David Sipes, the Chief Operating Officer of Ringcentral Inc, made a sale of 15,300 shares of the company, valued by the market at about $1,108,332 USD, which is based on a market stock price of $72.4 a share. The trade was dated May 23, 2018 and was disclosed in a document filed with the U.S. Security and Exchange Commission. The document is on hand here. Presently, he holds a total of 293,395 shares or 0.37% of the company’s total market capitalization.

The stock increased 0.69% or $0.5 during the last trading session, reaching $73.25. About 75,640 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 143.04% since May 24, 2017 and is uptrending. It has outperformed by 131.49% the S&P500.

Since December 11, 2017, it had 0 buys, and 19 sales for $13.15 million activity. $640,430 worth of RingCentral, Inc. (NYSE:RNG) was sold by Sipes David on Wednesday, April 18. The insider Dhruv Mitesh sold 3,000 shares worth $152,874. $1.60 million worth of RingCentral, Inc. (NYSE:RNG) was sold by Shmunis Vladimir. $661,300 worth of RingCentral, Inc. (NYSE:RNG) shares were sold by Shah Praful. 12,639 RingCentral, Inc. (NYSE:RNG) shares with value of $803,642 were sold by Marlow John H.

Analysts await RingCentral, Inc. (NYSE:RNG) to report earnings on August, 1. They expect $-0.06 EPS, up 40.00% or $0.04 from last year’s $-0.1 per share.

RingCentral, Inc. provides software-as-a-service solutions for business communications in the United States and internationally. The company has market cap of $5.77 billion. The companyÂ’s products include RingCentral Office, a multi-tenant, multi-location, enterprise-grade communications solution that enables employees to communicate through voice, text, team messaging and collaboration, and HD video and Web conferencing, including smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing subscription with text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. It currently has negative earnings. The Company’s products also comprise RingCentral Contact Center, which provides a cloud based contact center solution that delivers multi-channel capabilities; and RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office.

RingCentral, Inc. (NYSE:RNG) Institutional Positions Chart

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