Unit Corporation (NYSE:UNT) - Stock analysts at US Capital Advisors lowered their Q2 2017 earnings estimates for Unit Corporation in a report issued on Tuesday. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas company will earn $0.08 per share for the quarter, down from their prior forecast of $0.09. US Capital Advisors also issued estimates for Unit Corporation’s Q3 2017 earnings at $0.14 EPS, Q4 2017 earnings at $0.19 EPS, FY2017 earnings at $0.56 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.34 EPS and FY2018 earnings at $1.18 EPS.
Unit Corporation (NYSE:UNT) last released its earnings results on Thursday, May 4th. The oil and gas company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.08. The company had revenue of $175.70 million during the quarter, compared to analyst estimates of $177.58 million. Unit Corporation had a positive return on equity of 1.17% and a negative net margin of 12.24%. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.41) earnings per share.
COPYRIGHT VIOLATION WARNING: “US Capital Advisors Weighs in on Unit Corporation’s Q2 2017 Earnings (NYSE:UNT)” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://stocknewstimes.com/2017/08/07/us-capital-advisors-weighs-in-on-unit-corporations-q2-2017-earnings-nyseunt-updated.html.
A number of other analysts have also commented on UNT. Zacks Investment Research lowered Unit Corporation from a “hold” rating to a “sell” rating in a research note on Thursday. Cowen and Company set a $25.00 price objective on Unit Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. KLR Group lowered Unit Corporation from a “buy” rating to a “hold” rating and decreased their price objective for the company from $23.00 to $19.00 in a research note on Tuesday. National Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Unit Corporation in a research note on Monday, May 8th. Finally, Scotiabank reaffirmed a “hold” rating and set a $26.00 price objective on shares of Unit Corporation in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $25.80.
Shares of Unit Corporation (NYSE UNT) opened at 18.24 on Wednesday. Unit Corporation has a 1-year low of $11.06 and a 1-year high of $30.63. The firm’s market capitalization is $963.49 million. The company has a 50-day moving average of $18.04 and a 200-day moving average of $21.94.
Several hedge funds have recently bought and sold shares of UNT. Ameritas Investment Partners Inc. bought a new stake in Unit Corporation during the first quarter worth approximately $106,000. State of Alaska Department of Revenue raised its stake in shares of 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 during the last quarter. Acrospire Investment Management LLC raised its stake in shares of 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 worth $164,000 after buying an additional 1,100 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Unit Corporation during the first quarter worth about $200,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Unit Corporation during the first quarter worth about $205,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Unit Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unit Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
