Here’s What Has Investors Excited About These Four Stocks Today

Unit Corporation (NYSE:UNT) shares have surged by 23.08% in morning trading after the oil and gas E&P reported second quarter earnings of $0.03 per share on revenues of $212.39 million, beating estimates by $0.31 per share and $7.64 million respectively. Total production for the quarter was 5.1 million barrels of oil equivalent, up by 10% year-over-year. Oil and natural gas liquids production inched up by 5% year-over-year, while gas gathered and gas processed volumes jumped by 12% and 10%, respectively, year-over-year. Unit Corporation (NYSE:UNT)’s average realized per barrel equivalent price was $20.61. Guidance was solid, with management expecting production growth of 6%-to-8% for 2015, versus the previous production growth guidance of 2%-to-4%. As the company previously mentioned, it expects 2015 capital expenditures to be around $30 million lower than originally budgeted because of efficiency gains. This was a good quarter and the stock should do well if WTI continues to rally as it is today. 14 funds in our database owned $209.61 million worth of Unit Corporation’s shares, or 15.30% of the float, on June 30. Steve Cohen‘s Point72 Asset Management held 1.37 million Unit Corporation shares at the end of the second quarter.

Last but not least, Sanmina Corp (NASDAQ:SANM) is up by 19.98% after reporting fiscal year 2015 fourth quarter earnings of $0.57 per share on revenues of $1.64 billion, beating estimates by $0.02 per share and $40 million, respectively. Guidance was better-than-expected, with management expecting first quarter EPS of $0.56-to-$0.60 and revenues of $1.55 billion-to-$1.60 billion, versus expectations of $0.54 per share and $1.58 billion respectively. The company bought back 2.5 million shares in the fiscal fourth quarter. The smart money is mixed on Sanmina Corp (NASDAQ:SANM), as 23 funds owned $94.87 million worth of the company’s shares, representing 5.70% of the float, on June 30. Given today’s rally, shares are now up by 6.76% year-to-date.

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