$0.14 EPS Expected for Unit Co. (NYSE:UNT) This Quarter
Equities analysts predict that Unit Co. (NYSE:UNT) will post earnings per share (EPS) of $0.14 for the current quarter, according to Zacks. Two analysts have issued estimates for Unit’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.16. Unit posted earnings per share of $0.21 during the same quarter last year, which indicates a negative year over year growth rate of 33.3%. The firm is expected to announce its next quarterly earnings report on Thursday, August 8th.
According to Zacks, analysts expect that Unit will report full year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.79. For the next financial year, analysts expect that the business will post earnings of $1.29 per share, with EPS estimates ranging from $0.28 to $2.31. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Unit.
Unit (NYSE:UNT) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.08). The company had revenue of $189.70 million during the quarter, compared to analyst estimates of $202.16 million. Unit had a positive return on equity of 2.79% and a negative net margin of 6.84%. The company’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS.
UNT stock traded down $0.10 during midday trading on Wednesday, hitting $7.93. The stock had a trading volume of 15,011 shares, compared to its average volume of 498,169. The firm has a market capitalization of $445.41 million, a price-to-earnings ratio of 8.00 and a beta of 2.57. Unit has a 52 week low of $7.68 and a 52 week high of $29.06. The stock’s 50-day simple moving average is $8.82. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.43.
In related news, insider Mark E. Schell sold 5,500 shares of Unit stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $15.51, for a total value of $85,305.00. Following the completion of the transaction, the insider now directly owns 221,452 shares of the company’s stock, valued at $3,434,720.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director G Bailey Iv Peyton purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average cost of $11.65 per share, with a total value of $34,950.00. Following the completion of the acquisition, the director now directly owns 71,652 shares of the company’s stock, valued at $834,745.80. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 15,000 shares of company stock valued at $170,670. Company insiders own 5.16% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP grew its position in Unit by 45.0% during the first quarter. First Trust Advisors LP now owns 242,550 shares of the oil and gas company’s stock worth $3,454,000 after buying an additional 75,318 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Unit in the 1st quarter valued at approximately $1,692,000. Marshall Wace LLP boosted its position in shares of Unit by 2,494.2% during the 1st quarter. Marshall Wace LLP now owns 496,096 shares of the oil and gas company’s stock worth $7,065,000 after purchasing an additional 476,973 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Unit during the 1st quarter worth approximately $344,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Unit during the 1st quarter worth approximately $1,232,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.
Unit Company Profile
Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. It operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment explores for, acquires, develops, and produces oil and natural gas properties.
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