Stephens Begins Coverage on Unit (UNT)

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

A number of other analysts have also commented on UNT. Zacks Investment Research lowered shares of Unit from a buy rating to a hold rating in a research note on Wednesday, October 31st. MKM Partners began coverage on shares of Unit in a research note on Wednesday, December 5th. They issued a neutral rating and a $20.00 price target for the company. KLR Group reiterated a hold rating and issued a $30.00 price target on shares of Unit in a research note on Monday, August 20th. ValuEngine upgraded shares of Unit from a hold rating to a buy rating in a research note on Wednesday, November 7th. Finally, SunTrust Banks reiterated a hold rating and issued a $26.00 price target on shares of Unit in a research note on Friday, August 10th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Unit currently has an average rating of Hold and an average price target of $26.43.

Shares of UNT stock opened at $18.89 on Thursday. Unit has a 52 week low of $16.17 and a 52 week high of $29.06. The company has a market capitalization of $1.02 billion, a PE ratio of 34.98 and a beta of 2.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93.

Unit (NYSE:UNT) last announced its quarterly earnings results on Tuesday, November 6th. The oil and gas company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $212.34 million. During the same period in the previous year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts anticipate that Unit will post 0.96 EPS for the current fiscal year.

In related news, insider Robert Parks sold 22,806 shares of the firm’s 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 transaction, the insider now owns 77,348 shares of the company’s stock, valued at $2,107,733. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.28% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of UNT. Principal Financial Group Inc. boosted its holdings in shares of Unit by 2.8% in the first quarter. Principal Financial Group Inc. now owns 419,675 shares of the oil and gas company’s stock worth $8,293,000 after buying an additional 11,562 shares during the last quarter. Bank of Montreal Can purchased a new position in Unit during the second quarter valued at approximately $725,000. Aperio Group LLC lifted its holdings in Unit by 13.6% during the second quarter. Aperio Group LLC now owns 52,723 shares of the oil and gas company’s stock valued at $1,348,000 after purchasing an additional 6,318 shares in the last quarter. First Trust Advisors LP lifted its holdings in Unit by 26.0% during the second quarter. First Trust Advisors LP now owns 211,029 shares of the oil and gas company’s stock valued at $5,394,000 after purchasing an additional 43,537 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Unit during the second quarter valued at approximately $292,000. 89.91% of the stock is currently owned by institutional investors.

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.

Recommended Story: What are no-load funds?

Analyst Recommendations for Unit (NYSE:UNT)

Receive News & Ratings for Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unit and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit