Wall Street analysts expect Unit Corporation (NYSE:UNT) to announce earnings per share of $0.19 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Unit’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.07. Unit posted earnings per share of $0.23 during the same quarter last year, which would indicate a negative year-over-year growth rate of 17.4%. The business is scheduled to report its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Unit will report full-year earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.39 to $0.66. For the next financial year, analysts anticipate that the company will report earnings of $1.11 per share, with EPS estimates ranging from $0.64 to $1.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Unit.

Unit (NYSE:UNT) last posted its quarterly earnings data 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 had a return on equity of 2.33% and a net margin of 4.28%. The company had revenue of $188.49 million for the quarter, compared to the consensus estimate of $189.44 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year.

Several analysts have recently weighed in on UNT shares. Scotiabank reiterated a “hold” rating and set a $23.00 target price on shares of Unit in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Unit from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Cowen reiterated a “hold” rating and set a $25.00 target price on shares of Unit in a research report on Sunday, September 17th. KLR Group upgraded shares of Unit from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, August 23rd. Finally, SunTrust Banks reiterated a “buy” rating and set a $25.00 target price on shares of Unit in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.60.

Unit (UNT) opened at $22.24 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. Unit has a twelve month low of $15.29 and a twelve month high of $30.63. The stock has a market cap of $1,080.33, a PE ratio of 37.15 and a beta of 2.85.

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in shares of Unit by 82.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,428 shares of the oil and gas company’s stock valued at $195,000 after acquiring an additional 4,728 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in Unit by 9.0% in the second quarter. Wedge Capital Management L L P NC now owns 11,394 shares of the oil and gas company’s stock valued at $213,000 after buying an additional 940 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Unit in the second quarter valued at about $214,000. Municipal Employees Retirement System of Michigan boosted its position in Unit by 6.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,480 shares of the oil and gas company’s stock valued at $234,000 after buying an additional 710 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in Unit in the second quarter valued at about $308,000. Institutional investors and hedge funds own 95.00% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Zacks: Brokerages Anticipate Unit Corporation (UNT) Will Post Earnings of $0.19 Per Share” was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/02/zacks-brokerages-anticipate-unit-corporation-unt-will-post-earnings-of-0-19-per-share.html.

Unit Company Profile

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.

Get a free copy of the Zacks research report on Unit (UNT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Unit (NYSE:UNT)

Receive News & Ratings for Unit Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unit Corporation and related companies with MarketBeat.com's FREE daily email newsletter.