Shares of Unit Co. (NYSE:UNT) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $19.67.

Several research firms have recently weighed in on UNT. ValuEngine upgraded shares of Unit from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 1st. Zacks Investment Research upgraded shares of Unit from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Finally, Raymond James set a $14.00 price objective on shares of Unit and gave the stock a “buy” rating in a research note on Wednesday, August 7th.

Shares of Unit stock traded down $0.16 during trading on Monday, hitting $2.83. 310,800 shares of the stock were exchanged, compared to its average volume of 562,027. The stock has a market capitalization of $155.50 million, a price-to-earnings ratio of 2.83 and a beta of 2.72. The company has a fifty day moving average price of $3.20 and a 200-day moving average price of $8.03. Unit has a 1-year low of $2.51 and a 1-year high of $26.57. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48.

Unit (NYSE:UNT) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.29). The firm had revenue of $165.20 million for the quarter, compared to analyst estimates of $185.61 million. Unit had a positive return on equity of 1.31% and a negative net margin of 8.99%. The firm’s revenue for the quarter was down 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Equities research analysts forecast that Unit will post -0.13 EPS for the current fiscal year.

In related news, EVP Frank Q. Young bought 10,000 shares of Unit stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $2.74 per share, with a total value of $27,400.00. Following the acquisition, the executive vice president now owns 103,848 shares of the company’s stock, valued at approximately $284,543.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 19,000 shares of company stock worth $66,580 over the last 90 days. 5.16% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System boosted its holdings in shares of Unit by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 86,043 shares of the oil and gas company’s stock worth $765,000 after buying an additional 2,176 shares during the period. Swiss National Bank boosted its holdings in shares of Unit by 2.7% during the 2nd quarter. Swiss National Bank now owns 101,200 shares of the oil and gas company’s stock worth $900,000 after buying an additional 2,700 shares during the period. Strs Ohio boosted its holdings in shares of Unit by 7.6% during the 2nd quarter. Strs Ohio now owns 41,000 shares of the oil and gas company’s stock worth $364,000 after buying an additional 2,900 shares during the period. Elkfork Partners LLC boosted its holdings in shares of Unit by 30.1% during the 2nd quarter. Elkfork Partners LLC now owns 13,596 shares of the oil and gas company’s stock worth $121,000 after buying an additional 3,146 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of Unit by 10.2% during the 2nd quarter. Bank of Montreal Can now owns 38,251 shares of the oil and gas company’s stock worth $340,000 after buying an additional 3,533 shares during the period. 86.46% of the stock is owned by institutional investors and hedge funds.

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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