Wall Street brokerages expect Unit Corporation (NYSE:UNT) to announce earnings of $0.11 per share for the current quarter, according to Zacks. Two analysts have made estimates for Unit Corporation’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.15. Unit Corporation reported earnings of $0.04 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 175%. The firm is expected to report its next earnings report on Thursday, November 2nd.

On average, analysts expect that Unit Corporation will report full-year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.35 to $0.59. For the next financial year, analysts expect that the company will post earnings of $1.10 per share, with EPS estimates ranging from $0.64 to $1.30. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Unit Corporation.

Unit Corporation (NYSE:UNT) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The business had revenue of $170.58 million during the quarter, compared to the consensus estimate of $178.59 million. Unit Corporation had a return on equity of 2.07% and a net margin of 0.39%. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.15) EPS.

A number of brokerages recently commented on UNT. Zacks Investment Research raised Unit Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Cowen and Company set a $25.00 price target on Unit Corporation and gave the company a “hold” rating in a research report on Tuesday, July 18th. Scotiabank reaffirmed a “hold” rating and set a $26.00 price target on shares of Unit Corporation in a research report on Friday, June 30th. National Securities reaffirmed a “buy” rating and set a $30.00 price target on shares of Unit Corporation in a research report on Monday, May 8th. Finally, KLR Group raised Unit Corporation from a “reduce” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $26.00.

A number of hedge funds have recently added to or reduced their stakes in UNT. State of Alaska Department of Revenue increased its stake in Unit Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 5,700 shares of the oil and gas company’s stock worth $137,000 after buying an additional 130 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Unit Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the oil and gas company’s stock worth $507,000 after buying an additional 300 shares in the last quarter. Arizona State Retirement System increased its stake in Unit Corporation by 1.5% in the first quarter. Arizona State Retirement System now owns 26,949 shares of the oil and gas company’s stock worth $651,000 after buying an additional 400 shares in the last quarter. Delphi Management Inc. MA increased its stake in Unit Corporation by 0.6% in the second quarter. Delphi Management Inc. MA now owns 82,607 shares of the oil and gas company’s stock worth $1,547,000 after buying an additional 477 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in Unit Corporation by 6.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,480 shares of the oil and gas company’s stock worth $234,000 after buying an additional 710 shares in the last quarter. 92.57% of the stock is owned by institutional investors and hedge funds.

Shares of Unit Corporation (UNT) opened at 16.57 on Friday. The company has a market capitalization of $876.32 million, a P/E ratio of 318.65 and a beta of 2.76. The company has a 50-day moving average price of $17.35 and a 200 day moving average price of $20.15. Unit Corporation has a 1-year low of $15.03 and a 1-year high of $30.63.

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Unit Corporation 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.

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Earnings History and Estimates for Unit Corporation (NYSE:UNT)

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