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.
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.
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