Unit Receives Consensus Recommendation of “Hold” from Analysts (NYSE:UNT)
Unit (NYSE:UNT) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the company, Stock Ratings News reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $65.45.
Unit (NYSE:UNT) opened at 62.71 on Friday. Unit has a 52 week low of $45.00 and a 52 week high of $70.36. The stock has a 50-day moving average of $66.85 and a 200-day moving average of $62.79. The company has a market cap of $3.109 billion and a P/E ratio of 15.62.
Unit (NYSE:UNT) last issued its quarterly earnings data 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 $4.88 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at KLR Group raised their price target on shares of Unit from $5.00 to $76.00 in a research note on Friday. Separately, 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. Finally, 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.
Unit Corporation (NYSE:UNT) is a contract drilling company.
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