Stephens initiated coverage on shares of Unit (NYSE:UNT) in a research report released on Thursday morning, Marketbeat.com reports. The brokerage issued an equal weight rating and a $25.00 price objective on the oil and gas company’s stock.

Several other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Unit from a hold rating to a buy rating and set a $28.00 target price for the company in a research report on Saturday, September 8th. ValuEngine cut shares of Unit from a buy rating to a hold rating in a research report on Wednesday, October 24th. SunTrust Banks restated a hold rating and issued a $26.00 target price on shares of Unit in a research report on Friday, August 10th. KLR Group restated a hold rating and issued a $30.00 target price on shares of Unit in a research report on Monday, August 20th. Finally, MKM Partners initiated coverage on shares of Unit in a report on Wednesday. They issued a neutral rating and a $20.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $26.43.

NYSE UNT traded up $0.45 on Thursday, hitting $19.64. The stock had a trading volume of 3,744 shares, compared to its average volume of 242,243. Unit has a one year low of $16.17 and a one year high of $29.06. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.39. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 36.39 and a beta of 2.85.

Unit (NYSE:UNT) last posted its earnings results on Tuesday, November 6th. The oil and gas company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. Unit had a net margin of 14.60% and a return on equity of 3.28%. The firm had revenue of $220.10 million during the quarter, compared to analysts’ expectations of $212.34 million. During the same quarter in the prior year, the firm earned $0.10 EPS. Unit’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, equities research analysts expect that Unit will post 0.96 earnings per share for the current fiscal year.

In other news, insider Robert Parks sold 22,806 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $27.25, for a total value of $621,463.50. Following the completion of the transaction, the insider now directly owns 77,348 shares in the company, valued at $2,107,733. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.28% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Advisor Partners LLC acquired a new stake in Unit during the third quarter valued at approximately $201,000. Quantbot Technologies LP acquired a new stake in Unit during the third quarter valued at approximately $212,000. Verition Fund Management LLC acquired a new stake in Unit during the third quarter valued at approximately $219,000. Strs Ohio acquired a new stake in Unit during the second quarter valued at approximately $237,000. Finally, Fox Run Management L.L.C. acquired a new stake in Unit during the third quarter valued at approximately $253,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Unit Company Profile

Unit Corporation, together with its subsidiaries, operates as a diversified energy company in the United States. The company operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment acquires, explores, develops, and produces oil and natural gas properties.

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Analyst Recommendations for Unit (NYSE:UNT)

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