Unit Corporation (NYSE:UNT) – Investment analysts at SunTrust Banks decreased their FY2018 earnings per share estimates for shares of Unit Corporation in a report released on Sunday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas company will post earnings of $1.52 per share for the year, down from their previous estimate of $1.59. SunTrust Banks also issued estimates for Unit Corporation’s FY2019 earnings at $1.29 EPS and FY2020 earnings at $1.92 EPS.
Unit Corporation (NYSE:UNT) last posted its quarterly earnings results on Thursday, May 4th. The oil and gas company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 negative net margin of 12.24% and a positive return on equity of 1.17%. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period last year, the company earned ($0.41) EPS. ILLEGAL ACTIVITY NOTICE: This story was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://stocknewstimes.com/2017/08/12/fy2018-eps-estimates-for-unit-corporation-decreased-by-analyst-unt-updated-updated.html.
UNT has been the topic of several other research reports. KLR Group cut shares of Unit Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Cowen and Company set a $25.00 price objective on shares of Unit Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of Unit Corporation from a “sell” rating to a “hold” rating in a research note on Friday. Scotiabank reissued a “hold” rating and issued a $26.00 price objective on shares of Unit Corporation in a research note on Friday, June 30th. Finally, National Securities reissued a “buy” rating and issued a $30.00 price objective on shares of Unit Corporation in a research note on Monday, May 8th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.20.
Unit Corporation (UNT) traded up 1.75% on Tuesday, hitting $18.05. The stock had a trading volume of 561,636 shares. Unit Corporation has a 1-year low of $11.06 and a 1-year high of $30.63. The firm’s market capitalization is $953.46 million. The company’s 50 day moving average is $17.99 and its 200-day moving average is $22.08.
A number of institutional investors have recently added to or reduced their stakes in UNT. 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. Institutional investors and hedge funds own 91.30% 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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