Is Unit Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Unit Corp (UNTC) is currently classified as HALAL as of January 2025. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Unit Corp a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Unit Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Unit Corp?

Muslim investors may consider investing in Unit Corp if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Unit Corp classified as HALAL?

Musaffa determines the Shariah status of Unit Corp by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Unit Corp updated?

The Shariah compliance status of Unit Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Unit Corp become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Unit Corp?

You can check the latest Shariah compliance status of Unit Corp on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

UNTC Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: January 10, 2025

Report Source: 2024 3rd Quarter Report

Unit Corp. Stock Analysis UNTC

United States Energy Small Cap Report: Q3, 2024

Unit Corp. engages in oil and gas exploration, production, contract drilling, and natural gas gathering and processing. The company is headquartered in Tulsa, Oklahoma. The firm is primarily engaged in the development, acquisition, and production of oil and natural gas properties. The Company, through its subsidiary, Unit Petroleum Company, is engaged in oil and gas production. Its producing oil and natural gas properties, unproved properties, and related assets are primarily located in Oklahoma and Texas. Its Anadarko Basin is located in western Oklahoma, the Texas panhandle, southeast Colorado and southwest Kansas and covers an area of approximately 70,000 square miles in size. Its Granite Wash is located in the southwest Anadarko Basin in the panhandle of Texas and western Oklahoma.

Key Statistics of Unit Corp (UNTC)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$33.07$33.89

Today's Open

$33.59

Volume

13.43K

P/E Ratio (TTM)

3.37

52 Week Range

$25.01$36.32

Market Cap

331.39M

Avg. Volume

30.53K

Dividend Yield

4.55%

Financial Metrics & Statements of Unit Corp (UNTC)

FAQ's for Unit Corp (UNTC)

According to Musaffa’s Shariah screening methodology, Unit Corp (UNTC) is currently classified as HALAL as of January 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.