Unit (UNT) Posts Quarterly Earnings Results, Beats Expectations By $0.17 EPS
Unit (NYSE:UNT) issued its quarterly earnings data on Tuesday. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.94 by $0.17, Analyst Ratings Network reports.
Shares of Unit (NYSE:UNT) opened at 55.68 on Tuesday. Unit has a one year low of $40.51 and a one year high of $56.71. The stock’s 50-day moving average is $51.25 and its 200-day moving average is $49.31. The company has a market cap of $2.734 billion and a price-to-earnings ratio of 35.73.
Several analysts have recently commented on the stock. Analysts at McLean Capital Management upgraded shares of Unit from a “sell” rating to a “neutral” rating in a research note on Friday. On a related note, analysts at Ned Davis Research upgraded shares of Unit from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 18th. Finally, analysts at Cowen and Company initiated coverage on shares of Unit in a research note on Monday, February 10th. They set a “market perform” rating and a $58.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $52.73.
Unit Corporation (NYSE:UNT) is a contract drilling company.