Unit Corporation (UNT) Given “Buy” Rating at SunTrust Banks, Inc.

SunTrust Banks, Inc. reaffirmed their buy rating on shares of Unit Corporation (NYSE:UNT) in a research report released on Friday morning. They currently have a $25.00 price objective on the oil and gas company’s stock.

Several other equities analysts have also commented on UNT. Cowen and Company set a $25.00 price objective on shares of Unit Corporation and gave the company 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. KLR Group lowered shares of Unit Corporation from a buy rating to a hold rating and decreased their price objective for the company from $23.00 to $19.00 in a research report on Tuesday, July 25th. BidaskClub lowered shares of Unit Corporation from a hold rating to a sell rating in a research report on Friday, July 28th. Finally, Scotiabank set a $26.00 price objective on shares of Unit Corporation and gave the company a hold rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $24.60.

Shares of Unit Corporation (NYSE UNT) traded up $1.02 during trading on Friday, hitting $20.01. The stock had a trading volume of 521,896 shares, compared to its average volume of 445,781. The firm has a market capitalization of $1,013.17, a price-to-earnings ratio of 34.84 and a beta of 2.85. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.64.

Unit Corporation (NYSE:UNT) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The company had revenue of $188.49 million during the quarter, compared to analysts’ expectations of $189.44 million. Unit Corporation had a net margin of 4.28% and a return on equity of 2.33%. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. equities analysts forecast that Unit Corporation will post 0.5 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of UNT. OppenheimerFunds Inc. raised its position in Unit Corporation by 42.4% during the 1st quarter. OppenheimerFunds Inc. now owns 21,142 shares of the oil and gas company’s stock worth $511,000 after buying an additional 6,290 shares during the last quarter. Wellington Management Group LLP raised its position in Unit Corporation by 77.5% during the 1st quarter. Wellington Management Group LLP now owns 78,829 shares of the oil and gas company’s stock worth $1,904,000 after buying an additional 34,420 shares during the last quarter. Thrivent Financial For Lutherans raised its position in Unit Corporation by 9.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 29,920 shares of the oil and gas company’s stock worth $723,000 after buying an additional 2,580 shares during the last quarter. Vanguard Group Inc. raised its position in Unit Corporation by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 5,917,470 shares of the oil and gas company’s stock worth $142,966,000 after buying an additional 725,459 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Unit Corporation by 2.5% during the 1st quarter. Geode Capital Management LLC now owns 385,061 shares of the oil and gas company’s stock worth $9,303,000 after buying an additional 9,554 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

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.

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