Unit Corporation (NYSE:UNT) PT Set at $25.00 by Cowen and Company

Cowen and Company set a $25.00 price objective on Unit Corporation (NYSE:UNT) in a report published on Tuesday, July 18th. The brokerage currently has a hold rating on the oil and gas company’s stock.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Unit Corporation from a hold rating to a strong sell rating in a research report on Wednesday, May 10th. Scotiabank reiterated a hold rating and set a $26.00 target price on shares of Unit Corporation in a research report on Friday, June 30th. KLR Group upgraded shares of Unit Corporation from a reduce rating to a buy rating and set a $21.00 target price on the stock in a research report on Friday, May 5th. Finally, National Securities reiterated a buy rating and set a $30.00 target price on shares of Unit Corporation in a research report on Monday, May 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $25.80.

Unit Corporation (NYSE UNT) traded up 1.16% during midday trading on Tuesday, hitting $20.07. 962,993 shares of the company were exchanged. The stock’s market capitalization is $1.06 billion. Unit Corporation has a one year low of $12.35 and a one year high of $30.63. The firm’s 50-day moving average price is $18.08 and its 200-day moving average price is $21.66.

Unit Corporation (NYSE:UNT) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Unit Corporation had a net margin of 0.39% and a return on equity of 2.07%. The company had revenue of $170.58 million for the quarter, compared to the consensus estimate of $178.59 million. During the same period last year, the company posted ($0.15) EPS. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. Equities research analysts anticipate that Unit Corporation will post $0.72 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in Unit Corporation during the first quarter valued at about $106,000. State of Alaska Department of Revenue raised its position 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 valued at $137,000 after buying an additional 130 shares during the last quarter. Acrospire Investment Management LLC raised its position in Unit Corporation by 19.4% in the first quarter. Acrospire Investment Management LLC now owns 6,777 shares of the oil and gas company’s stock valued at $164,000 after buying an additional 1,100 shares during the last quarter. Jane Street Group LLC purchased a new position in Unit Corporation during the first quarter valued at about $200,000. Finally, Laurion Capital Management LP purchased a new position in Unit Corporation during the first quarter valued at about $205,000. Hedge funds and other institutional investors own 91.63% of the company’s stock.

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.