Unit Receives Average Rating of “Hold” from Brokerages (NYSE:UNT)
Unit (NYSE:UNT) has received an average recommendation of “Hold” from the nine analysts that are presently covering the company, StockRatingsNetwork.com reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $64.70.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Unit from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $70.60 price target on the stock. Analysts at Iberia Capital initiated coverage on shares of Unit in a research note on Friday, June 27th. They set a “sector perform” rating and a $73.00 price target on the stock.
Shares of Unit (NYSE:UNT) opened at 61.61 on Friday. Unit has a one year low of $45.00 and a one year high of $70.36. The stock has a 50-day moving average of $67.13 and a 200-day moving average of $62.63. The company has a market cap of $3.055 billion and a P/E ratio of 15.32.
Unit (NYSE:UNT) last announced its earnings results on Tuesday, August 5th. The company reported $1.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.15 by $0.02. The company had revenue of $405.40 million for the quarter, compared to the consensus estimate of $398.93 million. Analysts expect that Unit will post $4.91 EPS for the current fiscal year.
Unit Corporation (NYSE:UNT) is a contract drilling company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.