Brokerages Set Unit Corp. (UNT) Price Target at $19.40
Shares of Unit Corp. (NYSE:UNT) have been given a consensus rating of “Buy” by the six ratings firms that are covering the company. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $19.50.
A number of analysts have recently weighed in on UNT shares. Zacks Investment Research lowered shares of Unit Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. KLR Group boosted their target price on shares of Unit Corp. from $17.00 to $19.00 and gave the stock an “accumulate” rating in a report on Friday, September 2nd. Finally, National Securities boosted their target price on shares of Unit Corp. from $21.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, November 7th.
Several large investors have recently added to or reduced their stakes in UNT. Municipal Employees Retirement System of Michigan raised its stake in Unit Corp. by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,410 shares of the company’s stock worth $212,000 after buying an additional 160 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Unit Corp. by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 22,800 shares of the company’s stock worth $355,000 after buying an additional 200 shares in the last quarter. Capstone Asset Management Co. raised its stake in Unit Corp. by 2.2% in the second quarter. Capstone Asset Management Co. now owns 14,743 shares of the company’s stock worth $229,000 after buying an additional 320 shares in the last quarter. PineBridge Investments L.P. raised its stake in Unit Corp. by 10.1% in the second quarter. PineBridge Investments L.P. now owns 6,521 shares of the company’s stock worth $101,000 after buying an additional 597 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Unit Corp. by 2.3% in the second quarter. Arizona State Retirement System now owns 26,749 shares of the company’s stock worth $416,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.
Unit Corp. (NYSE:UNT) opened at 18.75 on Tuesday. The firm’s market cap is $965.36 million. Unit Corp. has a one year low of $3.90 and a one year high of $20.33. The firm has a 50 day moving average of $18.10 and a 200-day moving average of $15.66.
Unit Corp. (NYSE:UNT) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.12. The company earned $153.40 million during the quarter, compared to analyst estimates of $152.05 million. Unit Corp. had a negative net margin of 74.42% and a negative return on equity of 2.61%. The business’s revenue for the quarter was down 27.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. Equities research analysts forecast that Unit Corp. will post ($0.61) EPS for the current fiscal year.
Unit Corp. Company Profile
Unit Corporation is an oil and natural gas contract drilling company. The Company has operations in the exploration and production and mid-stream areas. The Company operates through three segments: Oil and Natural Gas, Contract Drilling and Mid-Stream. It is primarily engaged in the exploration, development, acquisition, and production of oil and natural gas properties, the land contract drilling of natural gas and oil wells, and the buying, selling, gathering, processing and treating of natural gas.
Receive News & Stock Ratings for Unit Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unit Corp. and related stocks with our FREE daily email newsletter.