Unit Corporation (NYSE:UNT) – Equities researchers at Capital One Financial Corporation dropped their Q3 2017 earnings per share (EPS) estimates for shares of Unit Corporation in a research report issued to clients and investors on Wednesday. Capital One Financial Corporation analyst B. Velie now forecasts that the oil and gas company will post earnings per share of $0.07 for the quarter, down from their prior forecast of $0.15. Capital One Financial Corporation also issued estimates for Unit Corporation’s Q4 2017 earnings at $0.07 EPS.

UNT has been the subject of a number of other reports. KLR Group cut shares of Unit Corporation from a “buy” rating to a “hold” rating and dropped their price target for the company from $23.00 to $19.00 in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Unit Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Cowen and Company set a $25.00 price target on shares of Unit Corporation and gave the company a “hold” rating in a research report on Tuesday, July 18th. Scotiabank set a $26.00 price target on shares of Unit Corporation and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, BidaskClub cut shares of Unit Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $26.00.

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Shares of Unit Corporation (NYSE UNT) opened at 16.57 on Thursday. Unit Corporation has a 52-week low of $15.03 and a 52-week high of $30.63. The stock has a market capitalization of $876.32 million, a PE ratio of 318.65 and a beta of 2.76. The firm has a 50-day moving average of $17.35 and a 200 day moving average of $20.15.

Unit Corporation (NYSE:UNT) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $170.58 million during the quarter, compared to analysts’ expectations of $178.59 million. Unit Corporation had a net margin of 0.39% and a return on equity of 2.07%. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.15) EPS.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its position in Unit Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 5,700 shares of the oil and gas company’s stock valued at $137,000 after buying an additional 130 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Unit Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the oil and gas company’s stock valued at $507,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System raised its position in Unit Corporation by 1.5% in the first quarter. Arizona State Retirement System now owns 26,949 shares of the oil and gas company’s stock valued at $651,000 after buying an additional 400 shares during the last quarter. Delphi Management Inc. MA raised its position in Unit Corporation by 0.6% in the second quarter. Delphi Management Inc. MA now owns 82,607 shares of the oil and gas company’s stock valued at $1,547,000 after buying an additional 477 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in Unit Corporation by 6.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,480 shares of the oil and gas company’s stock valued at $234,000 after buying an additional 710 shares during the last quarter. 92.57% of the stock is owned by institutional investors and hedge funds.

Unit Corporation 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.

Earnings History and Estimates for Unit Corporation (NYSE:UNT)

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