KLR Group Reaffirms Hold Rating for Unit Corporation (UNT)

Unit Corporation (NYSE:UNT)‘s stock had its “hold” rating reaffirmed by investment analysts at KLR Group in a research note issued on Tuesday.

Several other equities research analysts have also recently weighed in on UNT. Scotiabank reaffirmed a “hold” rating and issued a $26.00 price target on shares of Unit Corporation in a research report on Friday, June 30th. Cowen and Company set a $25.00 price target on shares of Unit Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Unit Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Finally, BidaskClub cut shares of Unit Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Unit Corporation has a consensus rating of “Hold” and an average price target of $25.25.

Unit Corporation (NYSE UNT) opened at 19.65 on Tuesday. The company has a 50-day moving average of $18.75 and a 200-day moving average of $19.04. Unit Corporation has a 1-year low of $15.29 and a 1-year high of $30.63. The company has a market capitalization of $1.04 billion, a P/E ratio of 377.88 and a beta of 2.84.

Unit Corporation (NYSE:UNT) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Unit Corporation had a net margin of 0.39% and a return on equity of 2.07%. The firm had revenue of $170.58 million during the quarter, compared to analysts’ expectations of $178.59 million. During the same quarter in the prior year, the company earned ($0.15) EPS. The company’s revenue was up 23.3% compared to the same quarter last year. Equities analysts expect that Unit Corporation will post $0.51 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “KLR Group Reaffirms Hold Rating for Unit Corporation (UNT)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/17/klr-group-reaffirms-hold-rating-for-unit-corporation-unt.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Unit Corporation by 23,333.4% during the 1st quarter. BlackRock Inc. now owns 6,658,614 shares of the oil and gas company’s stock worth $160,872,000 after acquiring an additional 6,630,199 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Unit Corporation by 8.6% during the 2nd quarter. Vanguard Group Inc. now owns 6,428,609 shares of the oil and gas company’s stock worth $120,407,000 after acquiring an additional 511,139 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Unit Corporation by 21.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,761,169 shares of the oil and gas company’s stock worth $70,446,000 after acquiring an additional 663,526 shares in the last quarter. State Street Corp raised its stake in shares of Unit Corporation by 4.3% during the 2nd quarter. State Street Corp now owns 1,750,811 shares of the oil and gas company’s stock worth $32,790,000 after acquiring an additional 72,505 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Unit Cor

Several other equities research analysts have also recently weighed in on UNT. Scotiabank reaffirmed a “hold” rating and issued a $26.00 price target on shares of Unit Corporation in a research report on Friday, June 30th. Cowen and Company set a $25.00 price target on shares of Unit Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Unit Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Finally, BidaskClub cut shares of Unit Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Unit Corporation has a consensus rating of “Hold” and an average price target of $25.25.

Unit Corporation (NYSE UNT) opened at 19.65 on Tuesday. The company has a 50-day moving average of $18.75 and a 200-day moving average of $19.04. Unit Corporation has a 1-year low of $15.29 and a 1-year high of $30.63. The company has a market capitalization of $1.04 billion, a P/E ratio of 377.88 and a beta of 2.84.

Unit Corporation (NYSE:UNT) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Unit Corporation had a net margin of 0.39% and a return on equity of 2.07%. The firm had revenue of $170.58 million during the quarter, compared to analysts’ expectations of $178.59 million. During the same quarter in the prior year, the company earned ($0.15) EPS. The company’s revenue was up 23.3% compared to the same quarter last year. Equities analysts expect that Unit Corporation will post $0.51 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “KLR Group Reaffirms Hold Rating for Unit Corporation (UNT)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/17/klr-group-reaffirms-hold-rating-for-unit-corporation-unt.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Unit Corporation by 23,333.4% during the 1st quarter. BlackRock Inc. now owns 6,658,614 shares of the oil and gas company’s stock worth $160,872,000 after acquiring an additional 6,630,199 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Unit Corporation by 8.6% during the 2nd quarter. Vanguard Group Inc. now owns 6,428,609 shares of the oil and gas company’s stock worth $120,407,000 after acquiring an additional 511,139 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Unit Corporation by 21.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,761,169 shares of the oil and gas company’s stock worth $70,446,000 after acquiring an additional 663,526 shares in the last quarter. State Street Corp raised its stake in shares of Unit Corporation by 4.3% during the 2nd quarter. State Street Corp now owns 1,750,811 shares of the oil and gas company’s stock worth $32,790,000 after acquiring an additional 72,505 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Unit Corporation by 9.7% during the 2nd quarter. Voya Investment Management LLC now owns 1,444,525 shares of the oil and gas company’s stock worth $27,056,000 after acquiring an additional 127,137 shares in the last quarter. Hedge funds and other institutional investors own 92.57% of the company’s stock.

About Unit Corporation

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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