Unit Co. (NYSE:UNT) – Analysts at US Capital Advisors issued their Q1 2019 earnings per share estimates for Unit in a report released on Monday, April 22nd, according to Zacks Investment Research. US Capital Advisors analyst C. Horwitz expects that the oil and gas company will earn $0.14 per share for the quarter. US Capital Advisors also issued estimates for Unit’s Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.22 EPS, FY2019 earnings at $0.89 EPS, Q1 2020 earnings at $0.16 EPS, Q2 2020 earnings at $0.14 EPS, Q3 2020 earnings at $0.11 EPS, Q4 2020 earnings at $0.09 EPS, FY2020 earnings at $0.50 EPS, Q1 2021 earnings at $0.05 EPS and FY2021 earnings at $0.15 EPS.
UNT has been the subject of several other reports. ValuEngine upgraded Unit from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 20th. Zacks Investment Research upgraded Unit from a “sell” rating to a “hold” rating in a research note on Friday, April 12th. Finally, Raymond James set a $22.00 target price on Unit and gave the company a “buy” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.29.
Shares of UNT traded down $0.63 during trading hours on Wednesday, hitting $11.18. The stock had a trading volume of 415,296 shares, compared to its average volume of 332,495. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $655.08 million, a PE ratio of 11.18 and a beta of 2.67. Unit has a 1-year low of $11.01 and a 1-year high of $29.06.
Unit (NYSE:UNT) last issued its earnings results on Thursday, May 2nd. The oil and gas company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.08). The firm had revenue of $189.70 million during the quarter, compared to analyst estimates of $202.16 million. Unit had a negative net margin of 6.84% and a positive return on equity of 2.79%. The business’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the company. SEI Investments Co boosted its position in Unit by 95.1% during the first quarter. SEI Investments Co now owns 2,314 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 1,128 shares during the period. Marshall Wace LLP boosted its position in Unit by 2,494.2% during the first quarter. Marshall Wace LLP now owns 496,096 shares of the oil and gas company’s stock valued at $7,065,000 after buying an additional 476,973 shares during the period. Geode Capital Management LLC boosted its position in Unit by 11.5% during the first quarter. Geode Capital Management LLC now owns 627,968 shares of the oil and gas company’s stock valued at $8,942,000 after buying an additional 64,653 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Unit by 2.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 496,001 shares of the oil and gas company’s stock valued at $7,064,000 after buying an additional 11,449 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Unit during the first quarter valued at about $239,000. Hedge funds and other institutional investors own 88.91% of the company’s stock.
In related news, Director King P. Kirchner purchased 10,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of $11.59 per share, for a total transaction of $115,900.00. Following the purchase, the director now owns 158,820 shares of the company’s stock, valued at $1,840,723.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director G Bailey Iv Peyton purchased 3,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were bought at an average price of $11.65 per share, with a total value of $34,950.00. Following the purchase, the director now directly owns 71,652 shares in the company, valued at approximately $834,745.80. The disclosure for this purchase can be found here. Insiders have sold a total of 37,181 shares of company stock valued at $549,348 in the last quarter. Company insiders own 5.16% of the company’s stock.
Unit Company Profile
Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. It operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment explores for, acquires, develops, and produces oil and natural gas properties.