Unit Co. (NYSE:UNT) – Stock analysts at Capital One Financial raised their FY2017 EPS estimates for shares of Unit in a report issued on Tuesday. Capital One Financial analyst B. Velie now anticipates that the oil and gas company will post earnings per share of $0.51 for the year, up from their previous estimate of $0.39. Capital One Financial also issued estimates for Unit’s Q4 2017 earnings at $0.19 EPS, Q1 2018 earnings at $0.32 EPS and FY2018 earnings at $1.17 EPS.
Several other equities research analysts also recently weighed in on UNT. Zacks Investment Research raised shares of Unit from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. KLR Group downgraded shares of Unit from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. SunTrust Banks reaffirmed a “buy” rating and set a $25.00 target price on shares of Unit in a research note on Friday, November 3rd. Scotiabank reaffirmed a “hold” rating and set a $23.00 target price on shares of Unit in a research note on Friday, November 3rd. Finally, ValuEngine downgraded shares of Unit from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Unit has a consensus rating of “Hold” and an average target price of $25.00.
Several large investors have recently made changes to their positions in the business. KBC Group NV increased its position in shares of Unit by 22.7% in the 4th quarter. KBC Group NV now owns 118,062 shares of the oil and gas company’s stock valued at $2,597,000 after purchasing an additional 21,841 shares during the last quarter. Swiss National Bank increased its position in shares of Unit by 5.0% in the 4th quarter. Swiss National Bank now owns 89,000 shares of the oil and gas company’s stock valued at $1,958,000 after purchasing an additional 4,200 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Unit in the 4th quarter valued at approximately $378,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Unit in the 4th quarter valued at approximately $376,000. Finally, Tygh Capital Management Inc. increased its position in shares of Unit by 84.8% in the 4th quarter. Tygh Capital Management Inc. now owns 111,392 shares of the oil and gas company’s stock valued at $2,451,000 after purchasing an additional 51,122 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors.
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.
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