Cowen set a $27.00 target price on Unit (NYSE:UNT) in a research note published on Thursday morning. The firm currently has a hold rating on the oil and gas company’s stock.

Several other brokerages also recently issued reports on UNT. SunTrust Banks restated a buy rating and set a $25.00 price objective on shares of Unit in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Unit from a hold rating to a buy rating and set a $25.00 price objective for the company in a research report on Saturday, January 6th. KLR Group downgraded shares of Unit from a buy rating to a hold rating in a research report on Tuesday, October 17th. Scotiabank restated a hold rating and set a $23.00 price objective on shares of Unit in a research report on Friday, November 3rd. Finally, ValuEngine downgraded shares of Unit from a hold rating to a sell rating in a research report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $25.00.

Shares of Unit (NYSE UNT) traded up $0.57 during mid-day trading on Thursday, reaching $25.46. 292,599 shares of the company’s stock traded hands, compared to its average volume of 477,659. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.67 and a quick ratio of 0.66. The firm has a market capitalization of $1,350.00, a P/E ratio of 43.15 and a beta of 2.90. Unit has a 1 year low of $15.29 and a 1 year high of $28.48.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Unit in the second quarter valued at approximately $214,000. Wedge Capital Management L L P NC raised its position in shares of Unit by 31.5% in the third quarter. Wedge Capital Management L L P NC now owns 14,984 shares of the oil and gas company’s stock valued at $308,000 after buying an additional 3,590 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Unit in the third quarter valued at approximately $313,000. Neuberger Berman Group LLC acquired a new stake in shares of Unit in the second quarter valued at approximately $308,000. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Unit by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 19,820 shares of the oil and gas company’s stock valued at $408,000 after buying an additional 7,340 shares in the last quarter. Institutional investors own 95.15% of the company’s stock.

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Unit 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.

Analyst Recommendations for Unit (NYSE:UNT)

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