Unit Co. (NYSE:UNT) – US Capital Advisors reduced their FY2019 earnings per share (EPS) estimates for Unit in a research note issued on Tuesday, December 3rd. US Capital Advisors analyst C. Horwitz now expects that the oil and gas company will earn ($0.71) per share for the year, down from their previous estimate of ($0.57). US Capital Advisors also issued estimates for Unit’s Q4 2019 earnings at ($0.25) EPS, Q1 2020 earnings at ($0.31) EPS, Q2 2020 earnings at ($0.34) EPS, Q3 2020 earnings at ($0.34) EPS, Q4 2020 earnings at ($0.33) EPS, FY2020 earnings at ($1.33) EPS, Q1 2021 earnings at ($0.33) EPS, Q2 2021 earnings at ($0.43) EPS, Q3 2021 earnings at ($0.44) EPS and FY2021 earnings at ($1.62) EPS.
Unit (NYSE:UNT) last issued its earnings results on Friday, November 8th. The oil and gas company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.06). The company had revenue of $155.44 million during the quarter, compared to analysts’ expectations of $160.87 million. Unit had a negative return on equity of 0.67% and a negative net margin of 40.93%. The firm’s quarterly revenue was down 29.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS.
Shares of NYSE:UNT opened at $0.98 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.57. Unit has a 12-month low of $0.60 and a 12-month high of $20.56. The business has a 50 day moving average of $1.53 and a two-hundred day moving average of $4.84. The company has a market capitalization of $47.52 million, a PE ratio of 0.98 and a beta of 2.53.
Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in shares of Unit by 4,726.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,406 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 5,294 shares in the last quarter. Quantamental Technologies LLC boosted its position in Unit by 249.1% during the second quarter. Quantamental Technologies LLC now owns 5,606 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 4,000 shares in the last quarter. Corient Capital Partners LLC purchased a new position in Unit during the third quarter worth approximately $36,000. Magnus Financial Group LLC acquired a new stake in Unit in the second quarter valued at approximately $99,000. Finally, Elkfork Partners LLC grew its holdings in Unit by 30.1% in the second quarter. Elkfork Partners LLC now owns 13,596 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 3,146 shares during the period. Hedge funds and other institutional investors own 84.64% of the company’s stock.
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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