Somewhat Positive Press Coverage Somewhat Unlikely to Affect Unit Corporation (UNT) Share Price
Media headlines about Unit Corporation (NYSE:UNT) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Unit Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 47.2952243385359 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- UPDATE 1-Ashtead sees increased demand from Hurricane Harvey, Irma clean up (feeds.reuters.com)
- Forecast International: Aircraft Carriers Mark Growth of Regional Navies (feeds.benzinga.com)
- Myanmar faces mounting pressure over Rohingya refugee exodus (feeds.reuters.com)
- U.N. Security Council unanimously steps up sanctions on North Korea (feeds.reuters.com)
UNT has been the topic of several research analyst reports. KLR Group cut shares of Unit Corporation from a “buy” rating to a “hold” rating and reduced their price target for the stock from $23.00 to $19.00 in a research report on Tuesday, July 25th. Cowen and Company set a $25.00 price target on shares of Unit Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Unit Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Scotiabank reaffirmed a “hold” rating and set a $26.00 price target on shares of Unit Corporation in a research report on Friday, June 30th. Finally, BidaskClub cut shares of Unit Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Unit Corporation has an average rating of “Hold” and an average price target of $26.00.
Unit Corporation (UNT) opened at 16.63 on Tuesday. Unit Corporation has a one year low of $15.03 and a one year high of $30.63. The firm has a 50-day moving average of $17.06 and a 200-day moving average of $19.71. The company has a market cap of $879.49 million, a PE ratio of 319.81 and a beta of 2.79.
Unit Corporation (NYSE:UNT) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Unit Corporation had a net margin of 0.39% and a return on equity of 2.07%. The business had revenue of $170.58 million for the quarter, compared to analyst estimates of $178.59 million. During the same period in the previous year, the business earned ($0.15) EPS. The firm’s revenue was up 23.3% on a year-over-year basis. On average, analysts predict that Unit Corporation will post $0.50 EPS for the current year.
About Unit Corporation
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.
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