Cowen Analysts Give Unit (UNT) a $27.00 Price Target

Cowen set a $27.00 target price on Unit (NYSE:UNT) in a research report report published on Thursday. The brokerage currently has a hold rating on the oil and gas company’s stock.

A number of other research analysts have also issued reports on UNT. Zacks Investment Research lowered Unit from a hold rating to a sell rating in a report on Thursday, October 5th. KLR Group lowered Unit from a buy rating to a hold rating in a report on Tuesday, October 17th. SunTrust Banks reaffirmed a buy rating and set a $25.00 target price on shares of Unit in a report on Friday, November 3rd. Scotiabank reiterated a hold rating and issued a $23.00 price target on shares of Unit in a research report on Friday, November 3rd. Finally, ValuEngine lowered Unit from a hold rating to a sell rating in a research report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Unit presently has a consensus rating of Hold and an average target price of $25.00.

Unit (NYSE UNT) opened at $25.46 on Thursday. The stock has a market capitalization of $1,346.32, a PE ratio of 46.29 and a beta of 2.90. Unit has a fifty-two week low of $15.29 and a fifty-two week high of $28.48. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.64.

Unit (NYSE:UNT) last released its earnings results on Thursday, November 2nd. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $188.49 million for the quarter, compared to analyst estimates of $189.44 million. Unit had a return on equity of 2.33% and a net margin of 4.28%. Unit’s revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 earnings per share. analysts anticipate that Unit will post 0.47 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its position in shares of Unit by 20.0% in the 4th quarter. Bank of Montreal Can now owns 27,708 shares of the oil and gas company’s stock valued at $609,000 after purchasing an additional 4,618 shares during the period. GSA Capital Partners LLP boosted its position in shares of Unit by 152.6% in the 3rd quarter. GSA Capital Partners LLP now owns 127,324 shares of the oil and gas company’s stock valued at $2,620,000 after purchasing an additional 76,924 shares during the period. OxFORD Asset Management LLP boosted its position in shares of Unit by 66.5% in the 3rd quarter. OxFORD Asset Management LLP now owns 62,324 shares of the oil and gas company’s stock valued at $1,291,000 after purchasing an additional 24,885 shares during the period. KBC Group NV boosted its position in shares of Unit by 156.4% in the 3rd quarter. KBC Group NV now owns 96,221 shares of the oil and gas company’s stock valued at $1,980,000 after purchasing an additional 58,688 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Unit by 3.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,908,501 shares of the oil and gas company’s stock valued at $80,437,000 after purchasing an additional 147,332 shares during the period. Institutional investors and hedge funds own 95.15% of the company’s stock.

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Unit 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.

Analyst Recommendations for Unit (NYSE:UNT)

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