Unit Corporation (NYSE:UNT)‘s stock had its “buy” rating reissued by investment analysts at SunTrust Banks, Inc. in a note issued to investors on Friday. They presently have a $25.00 price target on the oil and gas company’s stock. SunTrust Banks, Inc.’s price target indicates a potential upside of 24.94% from the stock’s current price.

UNT has been the subject of several other reports. KLR Group downgraded shares of Unit Corporation from a “buy” rating to a “hold” rating and lowered their price objective for the company from $23.00 to $19.00 in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of Unit Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cowen and Company set a $25.00 price objective on shares of Unit Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. Scotiabank set a $26.00 price objective on shares of Unit Corporation and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded shares of Unit Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.20.

Shares of Unit Corporation (UNT) opened at $20.01 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1,013.17, a PE ratio of 34.84 and a beta of 2.85.

Unit Corporation (NYSE:UNT) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). Unit Corporation had a net margin of 4.28% and a return on equity of 2.33%. The business had revenue of $188.49 million for the quarter, compared to analysts’ expectations of $189.44 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. The business’s quarterly revenue was up 22.9% on a year-over-year basis. analysts forecast that Unit Corporation will post 0.5 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management bought a new position in shares of Unit Corporation during the fourth quarter valued at approximately $1,603,000. Prescott Group Capital Management L.L.C. increased its stake in shares of Unit Corporation by 34.5% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 622,665 shares of the oil and gas company’s stock valued at $7,597,000 after purchasing an additional 159,700 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Unit Corporation by 1.7% during the fourth quarter. California State Teachers Retirement System now owns 93,351 shares of the oil and gas company’s stock valued at $1,139,000 after purchasing an additional 1,600 shares in the last quarter. Eidelman Virant Capital bought a new position in shares of Unit Corporation during the fourth quarter valued at approximately $549,000. Finally, California Public Employees Retirement System increased its stake in shares of Unit Corporation by 11.5% during the fourth quarter. California Public Employees Retirement System now owns 266,658 shares of the oil and gas company’s stock valued at $3,253,000 after purchasing an additional 27,500 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

About Unit Corporation

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 Corporation (NYSE:UNT)

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